Moody's rates NYC second strongest commercial market

The Real Deal Online reports that New York City's commercial real estate market demonstrated an increase in stability in the third quarter, according to a report from Moody's released today. With a rating of 76 on Moody's CMBS index, it ranked second best among the cities tracked. First place was taken by Honolulu with a score of 78. Keith Banhazl, a Moody's senior analyst, said  "In general, the commercial real estate markets remain in the uncertain... range." He added "However, the future appears to brighten with each passing quarter." To get the whole scoop, check it out here.

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