Welcome to the Real Estate Law weblog. Here you'll find items pertaining to real estate from a lawyer's perspective.
Tue Jul 25, 2006
Commercial Rent Prices Up - Square Footage Down?A recent article in Business Week suggests that the open space model of the dot com era may, actually be a paradigm to enable businesses to reduce one of their largest expenses, namely, commercial office rent.
Yet, the position of the author is hardly universally shared, eliciting a number of rejections and criticisms in the posted comments following the article.
From my own experience, there is no doubt that, technologically, more and more things can be done in more and more places. The real question concerns what happens when people do come in to the office to work? If they don't have a private space, my own anecdotal experience is that productivity declines simply due to distractions.
True, people in offices that don't close their doors and look up every time someone passes by suffer the same problem. But you can't close the door on a cubicle.
Read more and draw your own insights from the pros and cons at http://www.businessweek.com/magazine/content/06_27/b3991073.htm?campaign_id=search
Thu Jul 13, 2006
Bubble MetricsI came across a very interesting website, that of the Center for Economic Policy Research, an organization that's done alot of looking into the housing bubble issue and that has alot of articles that you'll find interesting and informative.
What's really noteworthy, though, is a unique bubble calculator that seeks to measure whether you'd be better off renting or buying by plugging in the price, mortgage terms, location and projected hold time into the fields, which then takes into account projected changes in home price in that area over the projected hold period. The results may frighten you.
Fri Jul 07, 2006
Expected Report of Year Over Year 2nd Qtr Condo Price DeclinesToday's NY Sun reports that an expected industry report on condo prices will show softening on a year over year basis for the second quarter.
As the article recites, industry analysts opine on whether they foresee a repeat of the coop collapse of the late 1980's when oversupply combined with softening demand and tax reform to cause a sharp drop in prices.
Some, according to the article, feel the City's overall healthy economy will prevent this recurrence in the case of condos.
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