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Recent activity suggests a westward shift in Manhattan’s center of gravity

  • ​74 percent of all large relocations, by square footage, since 2014 represented movement either West or South; with the majority coming from the Grand Central and Plaza District districts.

  • These relocating tenants are leaving behind more than 13 million square feet of Midtown availability.

  • Large renewal activity remains concentrated in Midtown core.

Source: JLL Research

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