Results tagged “commercialrent”

No matter the news of investment banks and their thousands of lay-offs, high gas prices, and slow growth: Office building landlords are still happy to charge premium rents! The NY Times sums it up in the headline, "As the Economy Heads South, Office Rents Go North." Average office rents per square foot are up slightly from December, even in spite of tens of thousands of square feet being shed by financial services companies. One broker says, "The landlords are looking in the rearview mirror. The tenants are reading the newspaper. You get a little gridlock there.”