New York office landlords learn to live with smaller financial firm footprints

Banks such as J.P. Morgan Chase, Bank of America and UBS AG still are not occupying the same amount of space they did in New York City pre-2008. In many cases, landlords are changing their strategy to focus on other tenants. Financial firms are "not as relevant to today's market, for now," says Dennis Friedrich, chief executive of Brookfield Office Properties.

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