Office rents up near World Trade Center site

In about the last year, smaller nonprofit organizations, design and creative industries, media companies, and law firms have joined large financial-related firms as commercial tenants in Lower Manhattan. Lower rents than those in Midtown are helping drive them there. But that doesn’t mean rents are staying low in Lower Manhattan: In some Class A buildings surrounding the World Trade Center site, rents have jumped by 15 percent. more [NYT]