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CresaPartners' New York City Office tracks local real estate market statistics in the five boroughs of New York City including: Manhattan, Brooklyn, Queens, the Bronx and Staten Island. The Office's primarily focus is in the geographical Manhattan submarkets of Midtown, Midtown South and Downtown.
The collapse on Wall Street and the onset of the most serious financial crisis since the Depression has left New York’s real estate market in shock. Tenants are re-thinking their occupancy plans and investors are paralyzed by the credit crunch. Real Estate fundamentals may still look strong statistically but they mask a weakening demand that will become much clearer during 2009. Further market information is available on the New York City Tenant's Guide.
CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Relocation Planning and Management, Strategic Planning, Workforce & Location Planning, Subleases and Dispositions, Lease Administration, Capital Markets, and Facilities Consulting. With more than 50 North American offices, CresaPartners is the largest pure tenant representation firm in the U.S. and Canada. Through a partnership with BNP Paribas, CresaPartners is a member of one of the leading real estate organizations in the world, covering 35 countries.
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