Tag: Lease Agreements

Realtors renegotiate deals, put projects on hold

January 9, 2009 – 12:38 am

With the information technology and business process outsourcing companies facing an uncertain future following a recession in the US, some real estate players developing space for these companies are being forced to shelve their projects, while others are slashing their rentals and renegotiating lease agreements to stay afloat. For these real estate developers, already reeling […]

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Commercial properties are waiting for takers

January 8, 2009 – 5:21 am

The slow down in the global economy has led to huge vacant office spaces. According to reports, empty offices in New York City, Chicago and Los Angeles have already exceeded 10%. And Mumbai, too, is following a similar path. “It’s the same story here, and it has to do with the global meltdown,’’ said a […]

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