NYC Office Leases Lowest Since 2009

Certainly you are not suggesting that this outlier --the NYC financial industry restructuring-- would have an affect on residential RE.

Less office leasing> less business> less employees needed>
how will those people pay for apts?

malthus: How did I do on that?

Because "cuts back" means less of what there was formerly more of.

clearly this is bullish for rwsidential...the unemployed have more time to shop, buy anew and trade up...and instead of sitting at work, theyre out spending in stores and restaurants, too

happy days are here again!! rah rah!!

where's stevie pom-poms when we need him?