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Real estate prices plummet
Now here's a surprise. Apparently empty offices are all the
go in America's skyscrapers following the 11 September destruction
of the Twin Towers in New York.
According to the latest figures, up to 15% of high-rise offices
are without tenants - with key buildings (read: potential
targets) like the Empire State Building particularly hard
hit.
And, the higher the office, the less likely it is to be rented
- something to do with most of the casualties from 11 September
being on or above the impact point of the aircraft. Funny
thing that.
If you were thinking about setting up a business in the Good
Ol' US of A, then big city rents have dropped from $500 a
square metre to $350, however you can pick some up for as
little at $250. A veritable bargain in anyones language.
Now, people wanting to let their offices have been doing
extraordinary things to either attract, or keep, tenants,
which is fair enough. With workers being so scared, the bright
sparks have introduced metal detectors at the entrances.
Okay, Einsteins, that may stop a gun-toting high-school kid,
but how is it going to prevent planes flying into them?
How's this instead. How about big Spiderman-like nets around
the buildings? Or very large foam mattresses glued to their
exteriors? Or how about just getting real...
If there is something that has really got up your nose,
let Grumpy Old Coot know at grumpy@webwombat.com
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