CONCESSION CROSSFIRE

Are all concessions created equal? Leasing experts tackled this question last night at a REBNY Commercial Crossfire event at 570 Lexington’s Mendik Center. Here are CBRE’s Peter Turchin, Boston Properties’ Robert Selsam, FirstService Williams’ Marty Meyer, Tishman Speyer’s Ted Koltis, The Kaufman Org.’s Steven Kaufman, SL Green’s Steve Durels, Adams & Co.’s Jim Buslik, ID Real Estate Partners Ira Fishman, and The Vortex Group’s Rick Marek. The takeaway: there haven’t been many concessions in Midtown, Midtown South, and Downtown because the areas are still desirable (and not experiencing much foreclosure and debt), but owners are willing to do more work on their properties.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Innovo On Leasing Spree At Multistory LIC Warehouse: The N.Y. Deal Sheet

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030

The Opportunities, Limitations And Benefits Of Reserved Investor Funds

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse

£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park Empire

Why DivcoWest Is Advancing A New 19-Story Lab Development In Somerville

1,300 Projects Potentially Paused Due To Suspension Of Quality Inspectors

Walker & Dunlop On Why The Housing Market Is More Balanced Than It Appears

Mamdani Administration Applauds Transfer Of 3 Distressed Rent-Stabilized Buildings

What New York Can Learn From California's Push To Cut Environmental Red Tape

California Duo's Ponzi-Like Investment Scheme Unravels With Bankruptcy, SEC Charges

Prominent Philly Caterer Sues Town Officials Over Vineyard Plans In Bucks County