✉news BusinessFinance first seen 21 h ago, last 55 min ago, peak #37
Hedge fund signs record $30m New York office lease
Original: Low-profile hedge fund smashes New York rent records with $30m office
A low-profile hedge fund has agreed to a roughly $30 million office lease in New York, setting a new record for office rents in the city. The deal highlights how elite financial firms continue to pay premium prices for top-tier Manhattan space even as many other employers shrink their footprints, underscoring a two-tier recovery in the city's office market.
Why now: A record-breaking $30 million office rent in New York signals renewed confidence among elite financial firms despite a struggling commercial property market.
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