Commercial RE Execs' Faith in Lower Manhattan Property Values Begins to Return, A Year After Sandy,

January 22, 2014

Commercial RE Execs' Faith in Lower Manhattan Property Values Begins to Return, A Year After Sandy, Says Marks Paneth Survey

As the physical effects of Hurricane Sandy fade away, the city's commercial property executives are finally reversing their negative view on the prospects for Lower Manhattan commercial property values.In a recent survey of 100-plus top-level commercial real estate executives in New York City, only 6% said they believed property values in Lower Manhattan will drop this year. Just a half-year earlier, in June 2013, nearly a third of executives (32%) thought values would decline. Media pickup in 169 outlets including:

Boston.com

International Business Times

Minneapolis Star Tribune

The Miami Herald

MercuryNews.com