CoStar Group: Midtown Office Market Report - May 2010
"The Midtown office market has seen just 45,371 sq ft in take-up as recorded so far by CoStar, 80% of which is new/refurbished space. This level of take-up is below the monthly average for 2010 of 161,000 sq ft. Available space currently stands at 4.9 million sq ft. Secondhand space accounts for 42% of what is being marketed."
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