Office brokers 'benefit from turmoil'
August 14, 2008 03:59PM By Melissa Dehncke-McGill
From the August issue: While the turmoil on Wall Street has clearly claimed its share of commercial real estate victims in the city, one bright spot may be the office leasing market. Though the sales side of the business has seen a tremendous drop-off, downsizing and penny pinching on the part of New York City tenants is prompting a game of musical office spaces that has spurred some activity for leasing brokers. Those interviewed for The Real Deal's Q & A this month said, while sales brokers can "probably take an 18-month vacation," leasing brokers will "benefit from the turmoil."
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