Moinian: market not as weak as perceived.(Joseph Monian on the New York City real estate market)(Brief Article)(Column)

Real Estate Weekly | June 26, 2002| | Copyright

During the past six months, real estate executives in New York City have been in a battle of perception. A picture of declining rental rates, climbing vacancies and tenants returning space in droves has been at the forefront of many recent news articles. However, the fact is that New York City's real estate market is not as weak as many believe. In fact, the city's residential market has shown signs of stabilizing and many neighborhoods are on the upswing.

After the initial shock following the events of Sept. 11 many tenants began to re-examine their living ...

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