In closing my article last year at this time, I quoted Mitchell Roschelle, a partner in the real estate advisory practice group at PricewaterhouseCoopers here in New York City, for his take on things, and Mitch summarized by saying, “All in all, 2009 will be a down year, for values and rents.”
With respect to landlords in New York City, both office and retail, boy was Mitch ever right!
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