NYC Feels Heat from Credit Crisis, But Long-Term Outlook Still Favorable
November 10th, 2008
New York City’s commercial real estate market isn’t immune to the fallout caused by the economic downturn. Transactions have plummeted 61 percent from the beginning of the year through October, according to data from Real Capital Analytics Inc. In the longer term, however, the outlook for the market remains strong.Entry Filed under: News
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