RAPID EXPANSION IN CENTRAL ZONE; Office Space Has More Than Doubled in Past Six Years, Survey Shows. 35 NEW BUILDINGS ERECTED Construction Has Slackened, With Steady Absorption of Added Space In Prospect.
The amount of office space in the Grand Central zone has been more than doubled within the past six years as the result of a construction program which has seldom been equaled in New York, according to figures compiled by Austin J. Carson Associates.