Midtown Leasing Remains Below 10-Year Average


CO 4-2 Postings Page 18Lately overshadowed by neighboring Midtown South, the Midtown market is feeling the pressure. Year-to-date leasing remains below the 10-year average, and vacancy rates have been stagnant for the past two years.

Jonathan Mazur, director of research at Cushman & Wakefield (CWK), spoke with The Commercial Observer last week to shed light on several of the more significant numbers from the firm’s February Midtown office market report, ahead of the brokerage firm’s release of its quarterly statistics, set for later this week.

SEE ALSO: Why Grocery-Anchored Retail Keeps Drawing So Much Attention 

[scribd id=133832209 key=key-kz24q7ebm6q1flvekzj mode=scroll]