Effects of world trade center attacks on new york rents

Assignment Help Business Management
Reference no: EM1376481

The 9/11 terrorist attack on World Trade Center complex completely destroyed or damaged twenty-one buildings with 31.2 million square feet of Manhattan office space - accounting for nearly 10 percent of the city's entire inventory. Just prior to the attack, the Manhattan office vacancy rate throughout the entire island was 8% and the average asking price for rent was $52.50 per square foot.

A - Based on what you have read so far, as an economist what would you conclude about rents and vacancies in Manhattan after 9/11? Why?

B - Immediately after 9-11 the vacancy rate throughout the entire island increased to 9.3% and the rental price fell to $50.75 --- not just in the neighborhood of the World Trade Center. As an economist, why was this surprising? What is the explanation?

 

Reference no: EM1376481

Questions Cloud

Explain type of auditing work : Explain type of auditing work would you expect if you were employed in one of these governmental auditing jobs?
Payment in kind program : In 1983 the Reagan Administration launched a new agricultural event called the Payment-in-Kind (PIK) program. Keeping this event in mind suppose that free market price of wheat is $4 per bushel.
Create a short article about a company-incremental analysis : Create a short article about a company making a decision like one just covered on Incremental Analysis.
How course has affected you in professional development : Discuss how this course has affected you in your professional development as a student, and as a person, as well as how it has encouraged you on your academic path.
Effects of world trade center attacks on new york rents : The 9/11 terrorist attack on World Trade Center complex completely destroyed or damaged twenty-one buildings with 31.2 million square feet of Manhattan office space
What activities make-up technological feasibility : What activities make-up technological feasibility to determine which of the costs incurred can be capitalized and justify why you valued the inventory (goods for resale) at lower-of-cost or-market.
Huge discounts in order to recover cash flows : Auditors found out that Campbell was delaying expenses to creditors at year end and selling inventories as huge discounts in order to recover cash flows.
Question about job description : In March 2004, with United States presidential campaign heating up, President Bush's White House team made what would seem to be a questionable employing decision.
Find the total sales-quantity variance : The XTRA Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Super and the Standard - Find the total sales-quantity variance in terms of budgeted contribution margin?

Reviews

Write a Review

 

Business Management Questions & Answers

  Help with business discussion questions

Help with Business Discussion Questions - Describe why companies willing to invest in the building of new data centers.

  Radio-frequency identification technologies

Prepare two new products using RFID that can help you reduce expenses, increase profits, and create a competitive advantage for your business.

  Global advertising portion

Global advertising portion - Discuss the various methodologies and techniques that can be used to promote your product in the global market.

  Allocate resources to high-return activities

The extent to which an organization has a coherent form for dividing labor, allocating responsibilities, coordinating tasks, and ensuring accountability.

  Choose three specific concepts from the philosophy of tqm

Choose three specific concepts from the philosophy of TQM and present three situations in which organizations can identify quality problems

  New product concepts

How new product concepts that would satisfy this developer's wishes be generated?

  Valuable information in policy evaluation

Valuable Information in Policy Evaluation - How do policy analysts determine which type of information is valuable in policy evaluation?

  Explain change control management

What can happen if an organization does not have an established change control management process? As a project manager, how would you ensure control management is accomplished?

  Dissenters in the context of judgmental

Equate the conclusions with the dissenters in the context of judgmental as well as other decision-making biases in a paper of approximately

  Case study - country risk analysis and managing crises

Case Study - Country Risk Analysis and Managing Crises

  Posting discusses virtual collaboration

In what business situation would video conferencing be most useful to virtual collaboration and identify its particular advantages and disadvantages.

  Positive and normative ethics

Consider the following statement for role that ethics plays in both normative and positive economics. "Ethics is the study of morals standards and how it affects conduct and I believe it is more present in normative economics than in positive econ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd