Things are looking good for the owners of New York’s commercial skyscrapers.
An improving economy and increasing demand from foreign investors have brought Manhattan’s office-building values back to where they were before the crash.
According to Green Street Advisors, the index of midtown values was at 99.4 in June, up from 87.2 a year earlier. The index reached its peek in 2007 — hitting 100. Its lowest point? In April 2009, when the index sunk to 45.5.
While this boom has increased tax ...
Continue Reading →JUL
2014




