Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.