STORMY WEATHER

STORMY WEATHER

Many companies worried about future taxes, changes in government policies
and healthcare costs are taking a break before making any leasing commitments,
brokers say. Mature, larger companies are trying to better utilize space while tech
companies can’t seem to double in size fast enough yet worry about making long
space commitments.

“There is more indecision on the tax structure and where the economy is going,”
says Grant Greenspan of the Kaufman Organization. “They are trying to buy
[some time].” he says.

The Sandy superstorm is also changing the way companies feel about moving
downtown. Executives are looking at transportation options, as well as backup
and generator capacity within their buildings and for their own systems.