Why it matters
The trend affects Manhattan office tenants, landlords and businesses weighing space and costs. The article does not establish a broader effect on the U.S. economy or office markets elsewhere.
HOUSING & REAL ESTATE • UNITED STATES
Manhattan office leasing nears its strongest year since 2000
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BLUF
Manhattan office leasing is on pace for its strongest performance since 2000, with asking rents back at pre-pandemic levels, according to The Real Deal. Demand from finance, law and technology firms is contributing to the rebound, while limited new construction is leaving tenants with fewer options.
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