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Manhattan Office Space Floods Market in Biggest Jump Since 2008

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'Striking' Migration Out of Manhattan Shows the City's Vulnerability

Office space is flooding the market in Manhattan, as companies look to cut costs during the pandemic.

Tenants put 2.5 million square feet (232,258 square meters) up for sublease in the third quarter, more than double the space a year earlier and the biggest quarterly increase since the end of 2008, according to a report by Savills.