The Traderszone Network

Published in TZ Latest News 26 October, 2016 by The TZ Newswire Staff

Office supply surge slowing down rent growth: Owen Thomas

A surge in new supply in Manhattan’s office market is starting to make a dent on rents, Boston Properties CEO Owen Thomas said during an earnings call Wednesday. “We see availability in New York, it’s hard to push it below 10 percent and in an environment like that it’s hard to push rents – certainly above inflation,” Thomas said, although he added that he considers the office market healthy amid broad-based job growth. “I think … [more]

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