Manhattan office space currently is about 11.5% vacant, apparently it had been higher earlier this year--at the beginning of 2001, it was at a level of about 7.5%--after 9/11, when 13 million square feet of office space were destroyed, it was anticipated that there would be a shortage of space, but a lot of the displaced offices relocated in smaller facilities, so they ended up occupying only about 48% of the space that they had, pre-9/11-at the same time, there was a general move among Wall Street brokerages to eliminated redundant space, which added about 10 million square feet of space to the available pool. Apparently, only about 5.4 million square feet of this space was picked up, resulting, at the end of 2001, in about at 14% vacancy rate in South Manhattan--

Isn't it amazing what you can find out, in only a few minutes on the internet?