The Rise of Midtown South, Continued

postings The Rise of Midtown South, ContinuedThe story in the second quarter continues to be Midtown South, where, for the first time, asking rents for Class A space outpaced those in Midtown.

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Throughout the city, asking rents have largely been driven by availability in new or renovated properties such as Brookfield Place and 51 Astor. Leasing activity overall has been stout, outpacing the same quarter in 2012.

Last week, Ken McCarthy of Cushman & Wakefield spoke to The Commercial Observer about the firm’s leasing stats for the second quarter.