From left: 919 Third Avenue and 909 Third Avenue in Midtown Midtown Manhattan’s Third Avenue stretch, the city’s weakest office submarket as recently as 2012, is in the middle of a revival, with vacancies low and rents steadily climbing. Class A asking rents on Third Avenue are up to $64.20 per square foot in the third quarter, up from $60.71 in the second quarter, according to JLL. Overall rents, including Class A and Class B properties, have climbed to $61.25 per square foot after years in the $50s. (more…)
Source: The Real Deal
