Manhattan’s office market could see a squeeze in the coming years as demand for high-quality space far outstrips supply, according to a panel on Monday at the Information Management Network’s Borrower and Investor Forum on Real Estate Mezzanine and Subordinated Debt in New York.

“2010 was the first decade in recorded New York City history that we had less office space at the end of the decade than at the beginning,” said Norman Sturner, president of....

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