Real Estate Execs Increasingly Think Commercial Property in NY Is OvervaluedJune 12, 2014
Real Estate Execs Increasingly Think Commercial Property in NY Is Overvalued – and Many Believe Low Interest Rates Have Created an Asset Bubble
New York commercial real estate executives are increasingly likely to say commercial property in the city is overvalued in comparison with real estate in other major cities. In fact, many believe there is an asset bubble, thanks to low interest rates. These are among the findings of the spring 2014 Gotham Commercial Real Estate Monitor, a survey of top New York City commercial real estate professionals, including owners, brokers, agents and attorneys, and accountants specializing in the sector.
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