But then, for about six months, only small tenants were talking to us.

In one building, with many small tenants, the average rent is $16 a square foot.

So Emmes changed its plan and decided to go after smaller tenants.

"It might be useful for small tenants who cannot get the attention of a broker."

So clearly, you have to go after the smaller tenant.

If they go, it might change the equation, because small tenants need to be near the big ones.

The building has added a few small tenants, but can no longer charge a premium for its space.

Indeed, the smaller tenants are not certain they can survive if the industry leaders go.

"In midtown you have many smaller tenants looking for more space," he said.

Other small tenants also took the former space of Pascal.