Hudson Square leasing Activity Doubles

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  • Hudson Square was the only Midtown South market to post a positive change in leasing activity—increasing 115.3 percent—from first half 2014 to first half 2015, accounting for 22.2 percent of activity in Midtown South year-to-date.
  • Partly attributable to the significant rezoning laws passed in 2013, demand for the area has flourished as its live/work/play environment lured high-profile tenants including Samsung, Cadillac and PayPal.
  • Ongoing demand will be tested by recently added large blocks of space, including 75 Varick Street, 860 Washington Street and One SoHo Square which command some of the highest asking rents in Midtown South.

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