Pop quiz: In which of America’s central business districts will you have the hardest time finding an office? Answer, according to a report from Bloomberg News, based on data from Cushman & Wakefield: The area between 30th St. and Union Square, a.k.a. Midtown south, a.k.a. Silicon Alley. Color us utterly unsurprised.
The article informs us:
The area known as midtown south has replaced Midtown as the most desirable location for companies to lease space, the brokerage said. Midtown south… has the lowest vacancy rate of all central business districts in the nation, at 6.1 percent, according to Cushman & Wakefield.
We also feel like it’s worth floating the possibility that proximity to the original Shake Shack might be a consideration.
Meanwhile, in Q2, rents for Midtown proper were down for the first time in two years. Yeah, no wonder: Have you tried finding a Starbucks without a twenty-minute-long line of tourists around here lately? Good luck.