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effectuated |
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| The first and foremost is Manhattan's recent increase in the effectuated rental rates throughout the market with the exception of the downtown environs. It is anticipated that these purchases will be effectuated from time to time in private transactions or in open market purchases in accordance with applicable rules and regulations. After witnessing a mildly lackluster commercial relocation activity in the class A and B Westchester and Fairfield county office markets at year end, all numbers, including vacancy, net absorption rates and a gradual increase in the effectuated rental rates, appear to indicate a stabilization and overall imminent recovery within our contiguous markets. |
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