The availability of office space in Midtown South was about half the US average during the second quarter. Photo: SCMP Pictures

New York City property market still hot even as private equity cashes out

While private equity firms are cashing out of Manhattan, institutional investors and reits are keen on renovated buildings in Midtown South

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The availability of office space in Midtown South was about half the US average during the second quarter. Photo: SCMP Pictures
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