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New York

Commercial market report: Stodgy firms are hot again in 2014

Law and financial firms rise back to the top of the list for big Midtown leases

From left: David Levy and John Ryan
From left: David Levy and John Ryan

From the December issue: Midtown’s old stand-by finance and legal tenants are back on top after being displaced last year by the “hotter” firms in the technology, advertising, media and information sector. 

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Seven of the top 10 leases in Manhattan’s largest office market so far this year were inked by financial services and legal firms. That compares with 2013, when those traditional types of tenants accounted for just three of the top 10 deals, research from commercial brokerage JLL showed last month. [more]