Wednesday, November 5, 2008

Banks Offer Free Rent to Lawyers and Financial Firms

"landlords are offering several months of free rent and other incentives to keep their buildings occupied"

Don't you wish YOU could get that deal, Americans?

See
: Final Option For Foreclosures: Faith Healing

"No more towering rents; Amid the crisis, office landlords offer deals to retain tenants" by Casey Ross, Globe Staff | November 5, 2008

Boston's sky-high office prices are coming back to earth.

Rents are falling in downtown towers, as much as 10 percent this past month, as the financial crisis and rapidly worsening economy hurt two mainstays of the city's office market: investment companies and law firms. The decrease has put an end to years of rapidly rising rents as landlords, who increased prices repeatedly, offer deals to hang on to key tenants. In addition to lower rates, landlords are offering several months of free rent and other incentives to keep their buildings occupied, said real estate executives who market downtown space. --more--"

The LOOTING CONTINUES!!! And so it goes, AmeriKans, and so it goes!