Business Services Industry
Shadow clouds office leasing market; Secret offerings from big tenants boost vacancies, go against sublets.(News)(Brief Article)
Crain's New York Business, September, 2002 by Croghan, Lore
Byline: lore croghan It's called shadow space, and it's a big problem for the city's slumping office leasing business. Growing numbers of tenants are peddling it in near secrecy. Instead of advertising and widely marketing their underutilized locations, they are quietly seeking out the handful of big New York companies that are interested in securing new offices during this period of low demand.
The secret offerings come from some of the city's most prominent tenants, including Goldman Sachs and Deutsche Bank. They add millions of square feet to Manhattan's available office inventory, making the health of the real estate market more fragile than is indicated by real estate firms' statistics, which do not include the space in their tallies. Shadow space...
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"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express