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Enlarging Their Turf

Higher lending costs and operating expenses aren't dissuading most property portfolio holders from acquisition plans

By Paul Bubny | Updated on November 12, 2007

Paul Bubny is editor of Real Estate New York, from which this article is excerpted.

Evidently undaunted by higher operating expenses, intensified competition or tighter credit, the owners of buildings in the New York area plan to own more of them in the next year. That’s the impression conveyed by responses to the first-ever Building Owners Survey conducted by Real Estate New York.

“If Warren Buffet decides to invest in publicly traded companies in the stock market and he pays no attention to the market as a whole, why should my decisions to purchase property be taken any differently?” asked the principal of an industrial properties owner.

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