Tenants sparking midtown revival; But full recovery will take a year.(Brief Article)

Crain's New York Business,  March, 2002  by Croghan, Lore

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The first new prospective tenants are appearing in the midtown office market after the slowest winter since the stock market crash of 1987. After a brief surge following the attack on the World Trade Center, the midtown leasing market stalled out-and stagnated for months. In recent weeks, though, big tenants such as Microsoft and Vivendi Universal have started space searches.

Other activity is coming in the form of a spate of lease deals signed by small tenants, and lease renewals that many companies have begun negotiating. ``There are some signs of life,'' says Barry Gosin, the ...

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