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 | NYC Real Estate - Getting Concessions From Your NYC Landlord During the Recession - Whether it was the burst of the housing bubble in 2007 or the banking crisis, in 2008, that caused the recent recession, the undeniable fact is that the climate, and tone, of NYC real estate has been changed, especially in the commercial sector. The prices of residential and commercial real estate in NYC have dropped to their lowest level in recent years. Some estimates show a decline of as much as 30% in the most sought after commercial spaces like, Midtown Manhattan and the Wall Street areas. And while it may be bad for Manhattan's landlords, it is undoubtedly a golden opportunity for new renters as well as for businesses already renting a commercial space. » By James Martin, created on Feb. 3 2014 In Press Releases and Company Profiles |
