New-York tribune., 1909-10-01
THIS rs MOVING DAY
Fans viii Be Used Principally in
the Upt0zCn Sections.

Moving day is here again The city has other
similar days. on which fat and dwelling house
occupants well as large numbers of store. office
loft and factory lessees seek new homes. but
which exceed this period for changing busi-
and house addresses
There Will not be unusual demand to-day for
truckmen and vanmen In the business zones OF
the greater city for many reasons. The principal
one being that there are fewer modern Offices to
lease this year than in the corresponding period
OF the last few years. Since the last big moving
day comparatively few large Office structures south
Of Chambers street have been built and therefore
IL vast number of business firms and corpora
tions were dissatisfied with their present quarters
space in new Office and business buildings in the
old downtown business and financial centres could
not be allotted leased to them owing 10 its lin
tied area.
Several years ago the big construction companies,
which have been largely responsible for the Won
derful transformation in the skyline of lower New
York in recent years. faced novel situation II
was urgent demand from many rapidly grow
ing corporations for floor space sufficiently large
for housing under roof all their departments
By bringing those departments closer together bet
ter business results would be obtained they said
That demand resulted in the building OF such
structures the City Investing. the West Street
and many other large office structures. And just
before the financial disturbance OF 1897 It looked
as If the supply OF Office and store space in
the downtown districts was SO vastly in excess
Of the demand that ii would be a long time be-
fore many more new structures We're added -
the taxable properties in the sections.
Last spring renting agents reported that most
Of the new structures were well leased and now
their reports read that there are fewer vacant
suites Of Offices and stores IN the principal bus-
ness and financial zone of the greater city than
in some years. These newer conditions have
caused an increase Of from 70 10 per cent in
rentals In the last year in many parts of the zone
The chief business changes to-day viii be in the
midtown region, where the loft centres are
being rapidly enlarged and where the leading
theatre and hotel district is becoming great office
area. It took years for central Fourth avenue
from Union Square 10 34th street. to attract the
attention due 1t among speculative builders and
retail business houses seeking well located sites
for permanent homes. To-day it win take the place
which natural and artificial charms have shaped
for it one OF the big business districts Of the
city. That place Il would assume in much more
( fitting only half OF the big Office,
loft and structures projected there ready for
7 occupancy this morning. In few months the
majority of those proposed buildings will be adorn-
ing sites there and the foundation for the further
extension Of this fine business mart viii have been
well laid. Realty experts say that the recent
. creation Of great business centre in central
. Fourth avenue IS q forcefuI reminder OF the sta
hItty Of business conditions and the prospect of
continuation Of prosperous times for long period
Seldom have there been such scenes Of building
activity Manhattan Island and in The Bronx and
Brooklyn as at the present time AS regards total
. cost OF construction this is the record year in
F most Of the boroughs, in Manhattan plans have
been fled for s4l buildings, TO cost $1t9 470s00 as
against 44 structures projected in the correspond
ing period last year the cost Of which was placed
. S6l. .704.302. In The Bronx plans have been filed
this year for 1622 buildings to cost s31l0005o The
figures for that borough for the first ten months
+ last year l3l0 buildngs 70 cost 81 1920
The Brooklyn buildings projected this year call
for expenditure OF about S4..000 000. against
s25.0000o0 for the first ten months OF last wear.
The majority of Manhattan structures for which
plans have been fled are apartment and far houses
10 occupy sites in the newer residential zones Of
the greater city namely Washington Heights and
DyCkmau In view of that fact. the largest num-
Der Of vans and furniture trucks win be needed
10 carry household effects there to-day, that the
lessees Of the houses ready for occupancy win be
able TO sleep in their new homes tonight