Midtown Manhattan Office Landlords Losing Power to Drive Rents

  • Landlords looking to `meet' market after 5 years of increases
  • SL Green, Vornado reduce some rents 10% at Park Avenue tower

NYC Luxury Real Estate Market Slows

Midtown Manhattan office landlords are losing some power to set rents on their properties, even in the prized Park Avenue corridor, after five years of aggressive price-pushing.

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