Petroleum engineering vacancies ireland

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The boroughs second-quarter vacancy rate rose to 4 percent and now stands at the highest since 2001 as rising unemployment and the recession curb spending, according to data compiled by Faith Hope Consolo, chairman of the retail leasing and sales division at Manhattan based Prudential Douglas Elliman Real Estate. The consumer just stopped shopping, Consolo said. Petroleum engineering vacancies ireland than 15 percent of the 185 stores on Madison Avenue between 57th and 72nd streets are vacant or about to lose tenants, according to New York-based broker Cushman Wakefield Inc. In SoHo, 11 percent of the 551 stores are listed as Petroleum engineering vacancies ireland for lease. Petroleum engineering vacancies ireland 9 percent of the 265 stores on the Upper West Side are without tenants or soon will be. Rents may fall as much as 23 percent by the fourth quarter from a year earlier and may continue dropping through 2010 given the pace of unemployment and consumer demand, according to Sam Chandan, chief economist at research firm Real Estate Econometrics in New York. The Petroleum engineering vacancies ireland Manhattan asking price may decline to 12 a square foot by the end of the year. It was 10 09 at the end of the second quarter, Chandan said. Manhattan still holds appeal. An entertainment company and a restaurant are close to signing leases for 70, 000 square feet at the former New York Times building, said Joshua Strauss, a vice president for broker Robert K. Futterman Associates. In February, Discovery Times Square Exposition signed a 20-year lease for an additional 60, 000 square feet, he said. New York Citys unemployment rate climbed to 5 percent in June, the highest since July 1997, the state Labor Department said yesterday. Private-sector jobs in the city fell by 95, 100, or 9 percent, to 16 million for the 12-month period ended in June. Financial industry jobs in the city fell to 436, 000 from 469, 300 in June 2008, the department reported. Reduced daytime traffic due to employment losses will cause tenants to go dark, putting a strain on current owners, Encino, California-based broker Marcus Millichap Real Estate Investment Services wrote in a January retail report. Concern has mounted regarding the health of mom-and-pop and boutique tenants. About 28 stores are available on Madison Avenue between 57th and 72nd streets. Just north of 63rd Street, on the same block as boutiques for leather handbag retailer Longchamp of Paris and fashion designer Roberto Cavalli, the ground floor and second floor of 717 Madison Avenue are vacant. Gone are the Joseph Martin Salon and hand-embroidered linens vendor E. Braun and Co.