Monday, June 25, 2007

Grubb&Ellis sees strong NYC market

(Reuters) - "This extraordinary run-up in rental rates is going to continue through 2008 and into early 2009," the 23-year veteran commercial broker told the Reuters Summit. "There is just not a lot of space around and not a lot of big blocks of space."




Manhattan is currently enjoying a boom in real estate, rebounding from the September 11, 2001 terror attack, which prompted fears that the financial services "anchor industry" could abandon the city for safer regions.


Read more at Reuters.com Mergers News

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