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From the April issue: In February, Midtown suffered its slowest month of office leasing in nine months, prompting brokers to wonder whether the poor performance was the result of a pause before another rush of leasing, or a harbinger of anemic activity that will remain for months. James Frederick, executive managing director at commercial services firm Cassidy Turley, predicted that activity would pick up in the coming months. “Now, there is a little lull in closings. But there are lots of significant deals in negotiations. Expect this month and next month [to] pick up,” Frederick said. [more]
