NEW YORK CITY-Although more dependent on high-level job creation than virtually any other CRE sector, recovery in office nationwide is keeping pace, according to reports from Cushman & Wakefield and Cassidy Turley. Both firms noted that the fourth quarter of 2013 saw a marked pickup in activity.

New leasing activity in US office markets rebounded in Q4 with 19.5 million square feet, the highest quarterly jump in a year, says C&W. In all, CBD leasing activity for ’13 totaled 68.1 million square feet in CBDs and 137.8 million in suburban markets, the firm says.

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