c Thomas, a broker at the tenant-representative firm Cresa, was also eyeing tenants for a space there He s representing Robert A.M. Stern Architects, which recently inked a deal to move to Midtown later this year. The company has three years left on a Hudson Yards lease, and Thomas is targeting firms that may want to send a small group to the neighborhood while they build out a much large space in one of the new skyscrapers.
They may want to send 30 to 50 people, as part of a management change, Thomas said.
Overall, the Manhattan office market remained balanced in 2016, with few regions lagging far behind others, according to Mirante. Yet some classes of office space have struggled more than others. It is a flight to quality. It is commodity space that is suffering, Thomas said.
Tags: Manhattan Office Market
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