Growing Number of Tenants Bypass Midtown’s Prime Blocks in Favor of Trendier Neighborhoods and Open Space

The luster of Midtown Manhattan’s prime corporate blocks has been gradually fading as a growing number of tenants shift their focus towards newer state-of-the-art buildings with outdoor space and trendier neighborhoods in an effort to lure workers back to the office. Further fueling the trend that has been developing over recent years with a revived momentum during the pandemic, is the increasing concern by many businesses and their employees of reducing their office’s carbon footprint. Midtown reigned as the undisputed center of New York’s office for about 50 years, but over the past decade the boundaries of Manhattan’s business center has become less defined as tech companies started opening offices further south in the early 2000’s and more recently a shift further west by a number of financial firms.