Cushman Numbers Show Tough '09 Start, Hint at Downtown Health

A chilly draft wafted into the glass-walled back patio at Michael’s on Tuesday morning, as brokers and reporters prepared to hear Cushman & Wakefield’s first-quarter statistical dispatch from the tundra that is the real estate market. 

Where to start? First, there’s no spinning these stats and Cushman didn’t try to: The first three months of 2009 were, from a leasing perspective, “the least-active first quarter on record,” according to the brokerage. Last...

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