Weak demand for office space may delay rebuilding at WTC site

04/17/2009 | Reuters · Washington Post, The

The shrinking demand for office space in New York could delay construction of office towers planned by developer Larry Silverstein at the World Trade Center site. A recent study said it could take until 2037 to lease all of the planned office space. The Port Authority of New York and New Jersey, which owns the site, said it wants to avoid building speculative office towers and will take a cautious approach to construction.

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Reuters · Washington Post, The

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