NEW YORK CITY-Amid more Wall Street layoffs, CBREs Tighe and others look at how arts groups and landlords can devise mutually beneficial real estate strategies.
By Paul Bubny|September 17, 2010 at 04:15 PM
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NEW YORK CITY-State Department of Labor employment figures released late last week showed mixed results for the city’s financial services sector. On balance, the sector had a net loss of 300 jobs during August, with gains in real estate employment offset by losses in the banking, securities and insurance industries; year to date, the tally for securities alone has been 4,000 layoffs. Given these kinds of numbers for bedrock employment sectors, now may be an opportune time to look at areas of future growth, such as the city’s creative community, which serves as a magnet for employers and residents as well as the artists themselves.
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