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Tech/media drives Manhattan office market: CBRE

Posted on 19 January 2012

Manhattan, arguably the financial capital of the world, has media and technology companies to thank rather than banks for its improving office market, according to a report real estate services company CBRE Group Inc released on Wednesday.
Featuring the likes of social media firms FourSquare and Mashable, online advertiser Yodle and computer software company AppNexus, the technology/media industry has become a powerful tenant force in Manhattan that has given Midtown South — long an afterthought market — the lowest vacancy rate in the nation………………………………………..Full Article: Source


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