The office sector looks like it's discounting 40 to 60percentt from the peak.
By contrast, "the suburban office sector has been out of favor for the last 36 months," he said.
Though the company had trailed its rivals in the office sector for years, shareholders did very well in the end.
Concentrating on the office sector, we have compiled evidence that demonstrates the physical work environment has an impact on the health and productivity of the office worker.
In a press release, Blackstone senior managing director Jonathan Gray said acquiring CarrAmerica will "provide us with a valuable platform for future investments in the office sector".
Retail Steady Rents For Store Space New Yorkers kept on shopping last year, so rents for retail space held steady, in contrast to the softness in the office sector.
The company follows the Manhattan market closely because one-third of the nation's public office sector, in terms of its value, is in New York.
Gale decided to begin bolstering the office sector at that point, Mr. Yeager said, and it built a new 75,000-square-foot building, which was quickly leased.
The office sector is employment driven, but we're actually seeing pretty good activity around the country as a result of companies looking to upgrade from Class C to B or from B to A space.
Mr. Smotrich is less enthusiastic about the office sector, which has posted losses of 14.52 percent, on average, so far this year, and the apartments sector, which has had negative returns of 18.69 percent.
Mr. Barton estimated that cash flow from operations at SL Green would grow about 9percentt in both 2002 and 2003, compared with 5percentto6percentcent for the overall office sector in 2002 and 6percentto7percentcent in 2003.
