Midtown South Average Asking Rent Grows

And so it grows–the Midtown South Class B average asking rent that is.

That figure closed July at $47.14 per square foot, up a dramatic 2.7 percent in the month alone, and the highest since December 2008, when it was $47.31 per square foot. With the Class A segment of this area presenting limited inventory (20.5 million square feet), it was thought a good idea to take a look at what was happening in the much larger Class B segment (51.3 million square feet).
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