The Real Deal New York

Many tire kickers, few deals

May 08, 2009 10:46AM
By Adam Pincus

From the May issue: Anecdotal metrics such as space inspections, inquiries and offers indicated that commercial real estate activity was up in the past month, compared to a near-standstill in December and January, brokers said. But the number of leases signed remained low. “I have seen more leasing activity in the last three weeks than I did in the preceding three months,” David Hoffman, executive managing director at full-service brokerage Colliers ABR, said in late April. But he added, “It is not a very quick process. I can’t say in the last three weeks we have signed a lot of leases.” Cory Abdo, a tenant representative broker and executive vice president at Winoker Realty, saw a similar trend.

Comments are closed.