Panelists at the Building Owners and Managers Association session held on Thursday admitted that they have some concerns that a slowdown that began in July of this year has been exacerbated somewhat by the terrorist attacks of September 11.

James Fagan, senior managing director of CB Richard Ellis, notes, "This is the best bad market we've had." He added that he believes office space demand will increase in the months ahead. However, for now, he says that brokers are concerned about the lack of office space leasing demand in the Westchester-Fairfield marketplace. "Everyone is walking on egg shells because people are uncertain about where we are going," he says.

Howard Greenberg, a principal of Howard Properties of White Plains, related, "Tenants are not making decisions right now unless they have to."