Some of the benefit that you receive later via taxes is being offset by the increased price of the land on many of these deals.
Last year’s activity marked a 2.5% increase from 2018 and was in fact the strongest leasing volume for the decade, according to Cushman & Wakefield.
Tech has unseated finance as the top leasing industry in New York City for the first time, underscoring its growing influence on local market fundamentals.
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