James Metham News Today

Statistics suggest that far from doomed to obsolescence, the borough’s commodity spaces have life in them yet.

It’s difficult to go up against collective wisdom once it becomes widely accepted. Such is it with the notion of a flight to quality to Manhattan’s Class A office space. The notion — born of the successes that state-of-the-art office towers such as One Vanderbilt and One Manhattan West had in leasing up in the face of a trend toward reduced office demand in New York and other cities — is feeding decisions about what to do with older office buildings, ones that featu...