Article: Midtown leasing tops a million square feet. (office leases in midtown Manhattan, New York, New York)

The Midtown Manhattan office market topped a million square feet of leasing activity in April, propelling the year-to-date level to 6.63 million square feet - a 21 percent increase over last years total at this time.

In contrast to this strong leasing performance, however, net absorption totaling 155,000 square feet for April and 605,000 square feet year-to-date is well off last year's exceptional level of 2.9 million square feet during the first four months.

According to Insignia/ESG's May Office Market Report, Midtown's overall office availability rate dropped slightly in April to 8.8 percent - down more than three percentage points from a year ago. The ...

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