Why Study Abroad When IIPM Gives You 3 global Advantages!
A strange
thing is happening in New York city – and we are talking about a real estate trend here. While residential property prices have stagnated, commercial property prices are going through the roof. Literally! Here’s an example. In Manhattan, reportedly, commercial complexes that are worth more than $5 million are now selling for a whopping $730 per square foot; this is almost 18% more than what these same spaces were selling for last year; and here’s more: this is a huge 143% up from what they were selling for in 2004. In April this year, The New York Times (NYT) building was sold for $525 million (to Israeli conglomerate Africa Israel Investments); in 2004, the NYT building was worth only $175 million. Rents too are seeing an upward spiral. In the Big Apple’s Financial District (which houses Wall Street) rents have shot up by 25% over last year – and 62% over November 2004.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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