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Lower Rents? Check. Speakeasy? Check. How Office Landlords Are Enticing Tenants.


“It used to be like, ‘Wait, why is that guy onscreen? If he wanted a meeting, why didn’t he come to SoHo?’” said Leslie D. Biddle, a partner at the financial firm Serengeti Asset Management, whose offices are on Broadway in downtown Manhattan. “And that mentality has really changed.”Ms. Biddle renegotiated her lease in the middle of the pandemic and the protests last year that preceded looting in SoHo. Serengeti moved to another floor in the same building, cut its overall space by half and received a deep rent cut, she said. Several rooms were also equipped with …

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