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Midtown Manhattan losing rental shine

Published Wed, Aug 20, 2014 · 10:00 PM
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[NEW YORK] The lustre is fading on some of midtown Manhattan's shiniest skyscrapers.

Buildings in Midtown, from 30th Street to Central Park South at 59th Street, have more vacant blocks of contiguous office space than at the height of the recession in 2009, as landlords face increased competition from buildings downtown and at Hudson Yards on the far west side, according to a study by Savills Studley Inc, a New York-based real estate brokerage.

"The epicentre of this city has shifted several times before and is in the process of shift…

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