Crain’s Q&A: Forecasts from six of the city’s commercial real estate experts
Crains New York – Everything Real Estate
MICHAEL COHEN, president, tristate region, Colliers International The economy is growing. Why aren't rents on the rise?Pricing is driven by the intersection of the supply and demand curves. While demand has unquestionably risen, so has supply. The commercial real estate construction boom that we have seen in the past two years—and prospectively will see for the next few more—is adding supply at a pace we have not seen since the 1980s. What caused office-building sales to plummet last year? …