NEW YORK CITY—In part two of GlobeSt.com's coverage of arecent discussion among leading industry executives, leadingbrokers, developers, buyers and sellers sounded off on what'spushing the city's commercial real estate market forward and whatthe future might hold. Provocative questions were raised bymoderator Robert Blumenthal, managing director,Deutsche Bank Securities.
Blumenthal: What are the driversof the market?
Mary Ann Tighe, CEO, New York tri-state region,CBRE: There is a structural change happening inthe city. Financial services firms comprised 35% of tenants in2005; today that number is probably 25%. Plus, the nature of thosefirms keeps morphing. Take 280 Park Ave., for example.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
