The Real Deal New York

From the August issue: Small spaces continue to shuffle through the market, holding up Manhattan’s leasing activity. Midtown South continued to improve compared to Manhattan’s other office markets in June, a phenomenon many believe is occurring because it has an abundance of smaller spaces. Brokers surveyed by The Real Deal reported that the largest deals they worked on in the last few months were less than 50,000 square feet, and most of the transactions were renewals of existing tenancy.