Business Services Industry
Legal action drives NY office market; Clifford Chance, other law firms hunting for space; Gannett renews.(Real Estate)
Crain's New York Business, March, 2003 by Croghan, Lore
Byline: lore croghan In a rental market characterized by serious lack of demand, law firms are shaping up as the one type of business that's got some momentum going. Last year, they surpassed investment banks as the top driver of Manhattan office leasing-and there are early indications that the trend will continue in 2003.
Attorneys are active because their industry is more recession-resistant than most. ``In bad times, certain practice areas do better,'' says Frederick Kane Marek, president of brokerage The Vortex Group. Clifford Chance is leading the law firm leasing market by negotiating for a 380,000-square-foot sublet at 31 W. 52nd St. Other firms seeking blocks of 100,000 square feet or larger include Alston & Bird, Heller Ehrman White &...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
