Landlords Wait—and Wait—for Banks to Hire Again

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(Crain’s) — A high-stakes game of musical chairs is underway in Manhattan’s commercial real estate market, as leasing activity increases sharply but the amount of space for lease remains stubbornly high.

Hiring needs to increase significantly for the amount of available space to shrink, and that’s unlikely to happen within the next six months, according to Matt Van Buren, an executive managing director at CB Richard Ellis Inc.

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