Manhattan office leasing seen boosted by US economy, tax cuts

New York

A STRONGER US economy fuelled by President Donald Trump's tax cuts bodes well for the office market in Manhattan in the near term as it provides a modest boost to employment, wages and business investment, brokerage CBRE said on Monday.

Office-using jobs growth in New York has been robust and is the single most important statistic for real estate, said Spencer Levy, head of research for the Americas at CBRE.