Survey reflects industry's confidence in the future.The 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. commercial real estate community looks forward to a year of improved performance in every major industry sector, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey conducted by LePatner & Associates, a New York-based construction law and business advisory firm. The poll was conducted by LePatner & Associates at its executive seminar on real estate trends held at Manhattan's University Club on April 6. Based on a written poll of 140 corporate, real estate, and design and construction professionals, 89 percent of respondents anticipate improvement this year in the office sector and 75 percent expect upward movement in the hotel sector. Slightly less than one-third of respondents, or 64 percent, anticipate growth in multi-family properties. At the lowest end of the scale, just more than half, or 51 percent, foresee improvement in the retail sector. "The 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 real estate industry is clearly optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about 2005," said author and attorney Barry B. LePatner, a nationally recognized expert on construction law and founder of LePatner & Associates. "While expectations for retail are substantially lower than expectations for the office market, not a single respondent In Equity practice, the party who answers a bill or other proceeding in equity. The party against whom an appeal or motion, an application for a court order, is instituted and who is required to answer in order to protect his or her interests. expects 'significant' declines in any of the four key sectors." LePatner & Associates asked three questions designed to gauge opinions and perceptions about the real estate and investment markets. Each question included five choices, ranging from "improve significantly" to "decline significantly." The LePatner poll shows that New York real estate leaders expect higher interest rates. Predicting rates by the end of the year, 87 percent expect a "modest" rise and nine percent expect a "significant" increase. The same leaders have mixed views about stock market trends. The plurality The opinion of an appellate court in which more justices join than in any concurring opinion. The excess of votes cast for one candidate over those votes cast for any other candidate. Appellate panels are made up of three or more justices. of respondents, or 41 percent, expects stocks to stand at their present level by the end of 2005. Thirty-nine percent anticipate a "modest" rise and only one percent foresee a "significant" rise. On the downside On the Downside is an EP by the San Diego, California band Counterfit, released by Alphabet Records in 2000. It was the band's first EP, recorded shortly after the members had relocated to San Diego from Fairfield County, Connecticut. , 19 percent expect a "modest" decline and one percent expect a "significant" decline. "Corporate and institutional owners inevitably make better decisions about real estate by having a clear picture of marketplace dynamics and trends," said Mr. LePatner. "Our company seeks to complement our legal and business advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal by providing useful information about the industry at large." Mr. LePatner said that his firm disseminates such market-related information through surveys such as this one, and also through publication of "The LePatner Report." Of the 140 survey participants, 31 percent represented the fields of design and construction, 26 percent were from the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sector and 24 percent were in real estate leasing or investment. Eighteen percent were employed in other real estate-related fields. |
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