Timing is everything in construction industry.The year--2006--is poised to have a more substantial workload than last, and judging by the momentum we have experienced in closing out 2005 and kicking off the first quarter of the New Year, 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 metropolitan construction industry is in for a prosperous twelve months. In particular, we will see increased activity among large office space users, such as those tenants occupying 50,000 or more square feet. These companies will be turning to firms like ours--those with proven track records and many years in the construction industry--to create new spaces or to upgrade their existing facilities. They will also rely on Aragon to commit to aggressive schedules and maintain strict budget requirements. So what is the reason for this increase in office construction? I can sum it up in three words: an aggressive marketplace. It is undeniably a tenant's market right now and landlords are anxious to fill up their buildings with quality companies. In an effort to lure them in, landlords are offering concessions such as free rent or "work letters," which are contributions from a landlord allowing a tenant to build out the space 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. their needs. This favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. environment has led to a boom in interior construction and while the market has opened up, and there are great values to be had, these offers certainly won't last forever! In the interiors business, there are always busy times, as leases expire, companies expand or downsize Downsize Reducing the size of a company by eliminating workers and/or divisions within the company. Notes: When a company downsizes, it is attempting to find ways to improve efficiency and increase profitability. It is sometimes referred to as trimming the fat. or new tenants move into an office tower. Constructions firms such as ours are available to deal with the supply-demand issues that entail entail, in law, restriction of inheritance to a limited class of descendants for at least several generations. The object of entail is to preserve large estates in land from the disintegration that is caused by equal inheritance by all the heirs and by the ordinary . However, if a company is in the market for space in 2007, they should act now. Based on the uptick Uptick A transaction occurring at price above its previous transaction. In order for an uptick to occur, a transaction price must be followed by an increased transaction price. in the economy and a steady rise in the stock market, this year seems like an advantageous time to secure a prime office space and work with a construction firm to customize it according to your needs. Now is the time to use this "found money" to renovate your existing offices, modernize mod·ern·ize v. mo·dern·ized, mo·dern·iz·ing, mo·dern·iz·es v.tr. To make modern in appearance, style, or character; update. v.intr. To accept or adopt modern ways, ideas, or style. equipment, upgrade finishes, or even expand to accommodate future growth. There's nothing as important in business as seizing the moment and, as the adage goes, timing is everything. ALEX L. GETELMAN FOUNDER AND PRESIDENT OF ARAGON CONSTRUCTION |
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