The uncertain state of office occupancy levels in NYC, now hovering at around 46%, doesn't appear to be dampening the enthusiasm of local developers who are rushing to building millions of square feet of new office towers on Manhattan's West Side in Midtown.
From the sprawling Hudson Yards development over the MTA's railroad tracks to a bevy of new towers planned to rise around Penn Station—and just about everywhere in between—new office tower projects are being announced In Manhattan at a frenetic pace.
Related Companies filed plans this week to build a 25-story, 750K SF office tower at 514 West 38th Street between 10th and 11th avenues on a site down the street from the Javits Center convention venue.
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