Summary from two Crain's articles:
1. Crucial business services sector expanding. Large corporate tenants (law firms and information based companies) seeking 250,000+ sqft office space having bidding wars.
2. Applications for private schools increased 10% after declining during the financial crisis.
3. National economy is finally picking up, US added 192,000 jobs in Feb.
http://mycrains.crainsnewyork.com/greg_david_on_new_york/2011/03/good-signs-for-the-nyc-economy.php
4. Meanwhile, Crains also reported townhouse sales up 61% compared to 2009. Median price for single family townhouses $5.8 million, up 6% compared to 2009.
http://www.crainsnewyork.com/article/20110307/REAL_ESTATE/110309887#
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