This paper looks at the effects of September 11th on Real Estate.
Written in 2002; 1,200 words; 3 sources; MLA; $ 41.95
Paper Summary:
This paper looks at the effects September 11th has had on Real Estate. It illustrates how the chaos caused by Sept. 11 has given the opportunity to take advantage of excellent leasing deals, including concessions, free rent, more flexibility, and better lease terms. Furthermore, the sublease market seems to be the hottest ticket right now. The author shows how generally the market is on its way down and it has a way to go before it picks up again.
From the Paper:
"According to New York Times reporter Leslie Eaton, the Sept. 11 terrorist attacks "inflicted deep and lasting wounds on New York City's already-teetering economy; devastated both big companies and small businesses in and around twin towers; brought business across city to halt for days, weeks and in some cases months, slashing workers' earnings and tax revenues alike; made many employers determined to spread their workers over wider swath of geography, which has ominous implications for Manhattan".
As a result of Sept. 11, an enormous amount of space was added to the market and there was a short-term damaging effect on the U.S. economy. U.S. businesses suddenly became resistant to change or expansion and surviving World Trade Center businesses had no place to go."
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