Long-time Midtown South tenants looking elsewhere

Out with the old as office availability tightens, prices rise

Paul Wolf
Paul Wolf

From the January issue: An office neighborhood does not change its character suddenly.

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Even as technology firms in recent years snapped up many of the new spaces in Midtown South and rents escalated in the area’s core, a cohort of older tenants were protected by distant lease expirations. But as the bull market extends and leases continue to roll, changes to the nature of the neighborhood are deepening. [more]