Economics
Manhattan Tenants Pay Top Office Rents for Midtown South
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Most landlords offering prestige Manhattan office space hate to be pinned down on their asking rents. Not Ed Minskoff.
“Between $88 and $115 a foot,” he said without hesitation of the prices he’s seeking at 51 Astor Place, the Fumihiko Maki- designed office project he’s building in the East Village. Those rates approach the highest rents for top-quality space in midtown Manhattan, the most expensive U.S. office market, as a booming technology market fuels demand for trendier areas.