http://commercialobserver.com Wed, 22 May 2013 13:00:59 +0000 hourly 1 http://wordpress.com/ http://s2.wp.com/i/buttonw-com.png http://commercialobserver.com http://commercialobserver.com/2012/10/tech-wasnt-only-sector-to-lease-in-midtown-south-in-3q12/#comments Thu, 18 Oct 2012 07:15:15 -0400 http://commercialobserver.com/2012/10/tech-wasnt-only-sector-to-lease-in-midtown-south-in-3q12/ Jotham Sederstrom http://commercialobserver.com/?p=241362 With all the talk about Midtown South’s incredibly shrinking vacancy rate, it’s easy to conclude that deals by a swarm of new-media companies, social applications and tech startups are at the heart of the market’s heralded rebound. But a closer look at third quarter leasing activity suggests that companies with long histories, like Estée Lauder, should take equal billing. Ken McCarthy, senior economist at Cushman & Wakefield, reviewed Midtown South’s third-quarter activity and explained why the market and its five submarkets performed so well in the last quarter and in the past 12 months.

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]]> With all the talk about Midtown South’s incredibly shrinking vacancy rate, it’s easy to conclude that deals by a swarm of new-media companies, social applications and tech startups are at the heart of the market’s heralded rebound. But a closer look at third quarter leasing activity suggests that companies with long histories, like Estée Lauder, should take equal billing. Ken McCarthy, senior economist at Cushman & Wakefield, reviewed Midtown South’s third-quarter activity and explained why the market and its five submarkets performed so well in the last quarter and in the past 12 months.

View this document on Scribd

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