Developments turn NYC into a tenantsa market

... South," he said. Last week, PVH Corp. signed a lease to expand to 225,000 square feet at ESRT's 501 Seventh Ave. Downtown spaces can cost half to a third of prices in Midtown, said Kent Swig, president of Swig Equities, which owns many office ...

http://nypost.com/2013/12/09/with-a-glut-of-new-development-nyc-is-now-a-tenants-market/