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Old Posted Aug 10, 2007, 9:22 PM
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Dac150 Dac150 is offline
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Join Date: Sep 2006
Location: NY/CT
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Quote:
Originally Posted by NYguy View Post
Why? These buildings aren't going to get built without first getting tenants, regardless.
Yes, I am aware of that as I noted it in my post. All I'm saying is that you never know how the market will turn, and if for some reason it goes down hill, 3/4 of these building's probably would not be built. The longer it takes to find tenants, the more they are riding the market. That is just a fact of the industry.

Look at the early to mid 1990's. A whole generation of buildings lost due to a crappy market. Luckily now the demand for commercial space in on a standstill of success, however it won't last forever. That is why I made note of the importance that these developers land tenants so that they can get these things in the skyline as soon as possible.
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