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Posted: December 23, 2013
Craig Koenigsberg, CLK Properties
What are your predictions for commercial real estate in 2014?
We will continue to see recovery in the Long Island commercial office space market attributable to overall improvements in the economy. I can't say that it will be a 'landlord's market' in 2014, but we are seeing the pendulum start to swing slightly in favor of landlords as it relates to lease terms and as compared to the last few years. I also anticipate continued strength in multifamily properties in markets with strong demographics, including secondary and tertiary markets.
What are your resolutions for 2014?
"We have one of the strongest platforms for ownership and management of suburban commercial office and multifamily properties, and these platforms are very scalable. I resolve to continue our focus on growing both platforms in those markets in which we've developed significant expertise."
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