With or without Arthur Andersen, Times Square has made a tremendous transformation since its days as a haven for the porn industry. Today, other corporate logos include those of Morgan Stanley Dean Witter, Conde Nast and Nasdaq.
Boston Properties, of course, is hanging back on ground-breaking until an anchor is signed. But given the nature of the red-hot New York City real estate market, the wait shouldn't be a long one. Office vacancies for the Midtown sector have been pinned at less than 3%.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
