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Condé Nast's 1M SF whopper at One World Trade Center made a big statement—that traditional Midtown won't be as important to tenants as it has been, giving way to Downtown, Midtown South, and the West Side, says CBRE vice chairman Howard Fiddle, who's speaking at Bisnow's third annual New York Real Estate Summit on Sept. 22 at Eleven Times Square.
JLL's Paul Formichelli and CBRE's Howard Fiddle
Leasing activity outside of Midtown has jumped—Howard (right, demonstrating the art of a deal with JLL's Paul Formichelli) points to successes at World Trade Center and L&L Holding Co's 200 Fifth and believes that any building Brookfield Office Properties builds on the West Side will be fully occupied. But the market's bifurcated—luxury, top-floor spaces and value space hold strong, but demand in-between space falls flat. Where's the market headed? Find out from Howard, who'll be joining George Comfort & Sons CEO Peter Duncan, SL Green co-CIO Isaac Zion, AIG Asset Management managing director Michael Medvin, Iron Hound Management Co principal Robert Verrone, Harbor Group International CEO Jordan Slone, Katten Muchin Rosenman partner Andrew Jagoda, and Royal Abstract's prez Martin Kravet. Plenty of schmoozing, too! Sign up here.