Quote:
Originally Posted by NYguy
Why? These buildings aren't going to get built without first getting tenants, regardless.
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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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