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Financial SMEs helping to boost Manhattan's office leasing market

Financial companies of all sizes accounted for 26 per cent of the 15.3 million square feet of Manhattan leasing in the first half, according to brokerage Cushman & Wakefield Inc. That compares with 14 per cent of 2014's mid-year total of 16.8 million square feet.

New York

NEW YORK'S financial industry has returned to lead the city's office leasing, after years of being hobbled by the credit crisis. This time, it's not the biggest banks that are driving the market.

Private equity and advisory firms are expanding, helping to push Manhattan's...