Midtown South lifts overall market

Aided by tech leasing streak, the area is home to vast majority of Manhattan’s office absorption
By Adam Pincus | June 05, 2012 10:30AM

From the June issue: Midtown South has done the heavy lifting so far this year to bring down the availability rate in the Manhattan office market. Midtown and Downtown, on the other hand, have not performed as well.

In fact, Midtown South — which has gotten a lot of attention lately because of its popularity with technology and media firms — has represented 73 percent of the positive office space absorption in Manhattan through the first four months of the year, commercial data firm Cassidy Turley reported. [more]