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Midtown South’s Renovated Space Poised to Capture Diverse Office Demand

September 30, 2024 10 Minute Read

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After a decade of establishing itself a premier tech market, Midtown South has evolved into a more balanced leasing market amid the tech industry’s pullback. The diverse industries seeking new space in Midtown South is a return to what was typical before tech’s ascent in 2014 – 2019. Upgrades to supply—originally aimed to capture tech demand—will now benefit a broader tenant mix. As availability tightens in quality assets throughout the Midtown market and Manhattan’s new construction pipeline is limited, Midtown South is poised to capture the spillover of demand.