Discount Rents Spur Activity
August 1, 2010
By: Adam Pincus

... Midtown

Landlords returned fewer large blocks of space to the Midtown market last month, but experts cautioned it was too soon to say whether the slowdown indicated a strengthening of the market.

There were only nine blocks of space of 20,000 square feet or more added to the market between July 1 and July 27, compared with an average of 18 blocks per month during the first half of the year, according to data provided to The Real Deal by tenant advisory firm Studley. ...

... "I would say it is to be determined whether this is the start of a trend or a momentary pause," Michael Roessle, research manager for Studley's New York office, said.  ...

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