When Open Impact Real Estate arranged a 46K SF deal for a nonprofit on Manhattan’s Sixth Avenue a year ago, there was plenty of vacancy along the corridor, said Stephen Powers, the brokerage’s co-founder.
“Now, Sixth Avenue — it’s all leased up,” he said. “So now, people are moving to Third Avenue who were looking at Sixth Avenue.”
Source: Why NYC Nonprofits Might Have To Start Scrambling For Space