Financial Industry Rebound Drives Up NYC Office Lease Deals

Law360, New York (July 29, 2013, 7:50 PM EDT) -- Feeling more flush than they have in years, financial industry tenants are pushing Manhattan office lease values up with their renewed hunger for prime space in Class A buildings, though experts say the office market has a long way to go before it returns to prerecession levels.

Money managers, hedge funds and private equity firms have inked massive lease deals in trophy properties in the first half of this year, agreeing to pay upwards of $100 per square foot at locations like the Seagram Building at...
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