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NEW YORK CITY-Driven by job growth, strong leasing activity in Midtown could lead to a rebound for Lower Manhattan’s office market this year, Cushman & Wakefield’s New York Region COO Joseph R. Harbert explained at a press briefing on Tuesday morning. According to C&W’s first-quarter report, the Midtown market accounted for the majority of improvements in the market so far, with five million square feet in total leasing, despite a decrease from the 5.8-million square feet leased in Q4 2010. At the same time, as large tenants seek bargains and favorable deals, much leasing activity is now trending toward the Downtown market.

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