Availability Holds Tight—Grubb & Ellis New York March Market Trends

• Midtown’s large block supply is down by 35 percent since 2009

• Midtown asking rents rose $0.11 per square foot in February, up $2.37 per square foot since fourth quarter 2010

• Midtown South’s recovery continued for the fifth consecutive month

• Downtown’s available supply is at a 12-month low