For the first time in over 10 years, a significant quantity of speculative construction is taking place in many U.S. cities. Developers have demonstrated renewed confidence in market fundamentals by starting speculative projects in the northeast cites of Boston and New York.
Posts Tagged ‘New York’
Construction activity in Manhattan is the highest it has been in over two decades. The resurgence of new development will have a substantial effect on the overall market in terms of both vacancy rates and pricing. • Delivery of new product usually causes a spike in vacancy and in average asking rents—particularly in older/less desirable […]
In a generally good first quarter for Europe, we saw better economic and financial market news and much improved confidence which started to produce a change in strategy, with parts of the investment community going “risk-on”. However, starting with Italy’s indecisive election and moving on to the Cypriot “bank sweep”, confidence has been dented in […]