NYC office rents up faster than other cities’

Asking rents for commercial real estate in New York City increased much faster during the last 10 years than in five competing American cities, according to brokerage GVA Williams. Rents in Manhattan jumped 57.8 percent to $46.42 a square foot from $29.42. That’s a sharper increase than in Washington, DC, Chicago, Boston, Los Angeles, and San Francisco. more [Crain’s]