The Real Deal New York

Some commercial tenants are trying to appear more conservative during the recession by moving offices off of prime streets. One anonymous broker said he has a “client who’s on Park Avenue and wants to get off Park. They feel it has too much cachet and it sends the wrong signal to their shareholders and to people in general.” Robert Goodman, a senior managing director at FirstService Williams, said he has seen a number of law firms come “to the realization that the Park Avenue addresses aren’t as much of a recruiting tool as they were in the past.”