Business Services Industry
City trophy towers lose their luster; A high profile now makes some tenants nervous.(Brief Article)
Crain's Chicago Business, September, 2001 by Daniels, Steve
The Sears Tower overnight lost at least some of its allure as an office address. After terrorists took down the World Trade Center, the 110-story tower on South Wacker Drive also seemed a potential target, making tenants feel insecure. As a result, Sears, as well as Chicago's Aon Center and the John Hancock Center, may become less attractive destinations for companies seeking downtown space, say real estate experts.
That could also mean the prestigious towers no longer will command premium rents as high as $31 net per square foot, even though their top floors offer spectacular views. ``I just don't think we're going to look at a building like Sears or Aon the same way again,'' says Gregory L. Gerber, senior vice-president and managing director of the...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
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
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
