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Midtown leasing tops a million square feet. (office leases in midtown Manhattan, New York, New York)
Real Estate Weekly
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June 3, 1998
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COPYRIGHT 1998 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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The Midtown Manhattan office market topped a million square feet of leasing activity in April, propelling the year-to-date level to 6.63 million square feet - a 21 percent increase over last years total at this time.
In contrast to this strong leasing performance, however, net absorption totaling 155,000 square feet for April and 605,000 square feet year-to-date is well off last year's exceptional level of 2.9 million square feet during the first four months.
According to Insignia/ESG's May Office Market Report, Midtown's overall office availability rate dropped ...
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