ECONOMIC STATISTICS-FEBRUARY, 2005

    The New York Times reported that, in February of this year, the vacancy rate for office space in Midtgown Manhattan stood at 9.8%, c ompared to a rate of 10.0% in January of last year, and of as much as 11.9& in February of last year. Fior the Lower Manhattan or "Downtown" area, the vacancy rates were   12.9% for February of this year, 13.8% for January, 2004, and 13.4% for February of last year.  (Source: Regional Economy report, in Job Market section, New York Times, Sunday, April 3, 2005, page 1).