Construction In Midtown As Area Is Poised To Burst With Available Office Space
The 159 building at East 53rd Street stands under construction in New York, U.S., on Monday, Oct. 30, 2017. Available office space in midtown Manhattan in the fourth quarter remained far below the post-recession high, but that may not last long. As buildings go up and tenants move to newer digs outside of core Midtown -- the flashy Hudson Yards site on the far west side, for example, or the World Trade Center in lower Manhattan -- available space could surge to 14.4 percent of the market by 2021, depending on employment, Savills Studley forecasts. Photographer: Caitlin Ochs/Bloomberg via Getty Images
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October 30, 2017
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