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Downtown will be better than ever.


Since the terrorist attacks of Sept. 11 it has become extremely difficult to find many optimistic op·ti·mist  
n.
1. One who usually expects a favorable outcome.

2. A believer in philosophical optimism.



op
 views on the future of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 City's Downtown market. Downtown, which had come full circle over the past six years -- becoming a true 24/7 community -- is now in full reverse mode. Lackluster lack·lus·ter  
adj.
Lacking brightness, luster, or vitality; dull. See Synonyms at dull.

Adj. 1. lackluster - lacking brilliance or vitality; "a dull lackluster life"; "a lusterless performance"
 leasing activity -- due to concerns about moving to the area -- a faltering national economy and the vast amount of sublet sub·let  
tr.v. sub·let, sub·let·ting, sub·lets
1. To rent (property one holds by lease) to another.

2. To subcontract (work).

n.
 space entering the market, have all contributed to the area's drastic decline.

Despite all the naysayers however, Downtown Manhattan can certainly come back -- and better than ever. First, we must keep in mind that not all of Downtown's existing supply of space has been affected by the disaster. In fact, most of the properties in Downtown Manhattan, which had been renovated and upgraded prior to Sept. 11, continue to offer some of best technologically-advanced office space in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
, at more competitive rentals. Furthermore, Downtown still enjoys some of the best restaurants and retailers, which entered the area nearly six years ago and helped turn the area into a new live/work environment.

Now Downtown Manhattan has the rare opportunity to rebuild and is poised for a second comeback Comeback

Australian breed of wool sheep, bred by crossing Merino with Corriedale, Polwarth or Zenith sheep; wool is 21 to 25 microns. It is a registered breed, but the term is more commonly used in the sense of a type of sheep produced by crossbreeding a crossbred Merino back to Merino.
. However, in order to achieve this Downtown Manhattan will require the concentrated efforts of the public and private sectors as well as the unwavering commitment by local owners and businesses. In addition, the current administration as well as other city and federal officials must focus on Downtown's infrastructure. More specifically, the challenge will be to rebuild a more substantial transportation system to better serve Downtown businesses and residents.
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Article Details
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Title Annotation:New York City
Author:Moinian, Joseph
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 30, 2002
Words:268
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