Quote:
Originally Posted by OyCrumbler
Would the opening of One World Trade Center and the opening of the other world trade center sites be big enough to have an effect on overall commercial real estate prices for the city?
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In theory it will. The world only has a finite and shrinking number of large corporate tenants and now has more properties competing for them, which is not always a bad thing.
The thing with NYC is that residential buildings are scarce so landlords who lose corporate tenants can potentially convert to residential and still make money.
That is what is happening in FiDi.