9/11 and the market for Manhattan office space

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Title: 9/11 and the market for Manhattan office space
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Subject: Business
Date: September 30, 2003
Length: 3 / 654
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Decisions about relocation were mostly caused by lower taxes outside New York City and increasing consciousness of security matters. That not only involved companies itself but also caused a lot of employees to move to the suburbs, making it more convenient to locate offices there...
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The source of changes was rather a process that already started before the attack and might have been accelerated or strengthen by it but September 11 was definitely not the main cause. Nevertheless, the situation has already improved since then, what is the best proof that the turn was not so severe...
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