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SL Green Soars on NYC Office Boom | Real Estate News
SL Green’s earnings forecast just soared 26% thanks to a Manhattan office market on fire—tenants are snapping up pre-built spaces, expenses are tighter, and demand is exploding. With little new construction in Midtown, scarcity is driving up rents, especially on Park Avenue and Sixth Avenue. The AI boom is fueling demand, with a major tech firm signing a huge lease. Even their fully occupied One Vanderbilt building is re-leasing at sky-high rates. The financial sector’s rebound is powering New York’s office resurgence—this city’s back, and SL Green is cashing in. Listen in comfort:Get a…
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