A growing number of hedge funds are trying to shed space in the city’s trophy buildings. Before the financial crisis, many hedge funds paid up to $200 per square foot in rent for offices in some of Midtown’s trophy buildings. A record 70 percent of hedge funds reported losses in September, and now at least 300,000 square feet of these pricey spaces in buildings like the General Motors Building and the new 30-story tower 510 Madison Avenue, are up for grabs.
the real deal by email
news by neighborhood
New Jersey Bronx Long Island Queens Other Brooklyn Neighborhoods Kensington / Windsor Terrace / Ditmas Park Staten Island Red Hook / Gowanus Boerum Hill / Cobble Hill / Carroll Gardens Park Slope / Prospect Heights Bed-Stuy / Bushwick Fort Greene / Clinton Hill Dumbo / Brooklyn Heights / Downtown Williamsburg / Greenpoint Lower Manhattan East Village / Lower East Side Tribeca / Soho West / Greenwich Village Murray Hill / Gramercy Chelsea Far West Side Midtown Upper West Side Central Park Upper East Side Harlem Inwood / Washington Heights