Manhattan commercial real estate rebound

the real estate services company....

that has an interest in....

a rebound in Manhattan real estate?

Yes, and yet the information could still be correct.

how much would you like to bet on the accuracy of this information?

http://www.mybanktracker.com/bank-news/2010/03/24/commercial-real-estate-market-to-bottom-out-in-2010/

Real Estate Expectations

Most real estate asset classes are expected to bottom out and recover throughout 2010. Rentals will see life again as we see job growth and increases in consumer spending and GDP. Hospitality and multi-family residential families are predicted to recover first, in the short term. Commercial properties will see a slower, longer-term recovery phase. With regards to office space, higher employment figures are the sole determinant for rebuilding a competitive market for such rental properties.

Investors have expressed their anxiety over an abundance of capital but have been reluctant to invest until the market bottom was on the horizon – once again, signaled by job growth and consumer spending. Those with available capital come not only from the domestic arena but also from foreign regions (primarily China, Korea, Germany and the Middle East).

so..once again...how much would you put up? other than more stupid postings.

It's a White Castle Double hamburger:

twice nothing is still nothing.

BTW This is National, no? In Manhattan, just check kayak or priceline right now to see how overbuilt we are in the "hospitality" (i.e. hotel) sector: I just looked and you can get a 1200sf 2br/2bath apartment/suite over at Easter Tower Hotel for tomorrow night for $225 + fees, total about $275. Normally it's $550 to $600.

they can ex[ect all they want, but if the jobs arent there as we know they arent, then how is it gonna rebound?

riversider? help us out here. what are we missing?

Who would expect anything other than this hopeful outlook by CBRE, one of the largest and hardest hit brokerage firms in commercial real estate.

It's like asking a Cowboys cheerleader, who is going to win the next cowboy game.

> Yes, and yet the information could still be correct.

Except the info isn't saying what the title claims.

They give reasons it COULD stop falling. Then they give reasons it could CONTINUE to fall.

Sure, its info, and it could be correct.... but it could be correct and still prove the claim wrong.

btw, these are some of the same people who said we wouldn't fall....

columbiacounty ,you seem upset. Is it because aboutready wished us farewell? Conveniently timed the morning she was going on vacation?

She'll be back. She wished streeteasy farewell two years ago. Jsmith posted the link to her farewell, didn't you see it?

jsmith9005
about 11 hours ago
ignore this person
report abuse I think I've heard this before - http://streeteasy.com/nyc/talk/discussion/2496-the-sky-is-falling
Who wants to take an over/under that she posts again within 3 months?

aboutready
about 2 years ago
ignore this person
report abuse I'm sure a number of you will be happy to see my departure (although Spunky, I will truly miss you) but I have found a number of real estate blogs where I don't even feel compelled to post very often, because I agree generally with what's being said (and they're run by real estate brokers, no less.) I'm sure that nervous habit, or excessive boredom, will cause me to check in once in awhile (particularly about specific buildings I might be interested in), but generally I find you guys to be storks with your heads so stuck in the sand its gotta cause some major itching.

New York IS different, just not THAT much. Bye, and good luck.

You already did this one.