Midtown south office market


MIDTOWN SOUTH LEASING ACTIVITY OUTPACED LAST YEAR’S RECORD year, soaring to more than 16 million square feet leased in 2019. WarnerMedia’s 1.5 million-square-foot lease at 30 Hudson Yards and Google’s 1.3 million-square-foot lease at 550 Washington Street largely contributed to that spike. With leasing on the rise, so were asking rents, which steadily rose to $76.72 per square foot, a 1 percent increase from the year prior.

MIDTOWN SOUTH
OFFICE MARKET

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