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Old Posted Jul 18, 2008, 12:50 PM
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Quote:
Originally Posted by Dac150 View Post
That's the problem now though. Deals such as these don't happen in a day, and these next few years will come and go quick. Point is these mystery tenants need to be identified as soon as possible.
Not for speculative office towers, and certainly not for towers under construction. Remember, the Empire State and Twin Towers had large vacancy rates for the early years after their construction. These WTC towers won't even be open for five years. There's already a shortage of new, top of the line office space in New York, especially Downtown where basically every new development is residential, and that situation will only be worse in five years. Silverstein just has to get the tower built, the rest will take care of itself.
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