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Re: [Orchid] [NY] Rent for jewelers' buildings  
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From: KARAT46
Date: Thu Mar 03 20:16:18 2005
 
     
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    Rent have stabilized in New York. Land lords had hit the ceiling. As
    a tenant in a retail location I can say that it has not dropped 50
    %. not at all. 

    Manufacturing is down & Thank god Dollar is down or else it would be
    worst. 

    We go through this every 1st quarter. Come August we will be again
    busy. 

    The concept 580 5th Ave or Addresses is changing. With FedEx and
    Overnight you could be in Phoenix or Columbus. 

    If Jhaveri Bazar moved to Panchratna and now gone to Seeps. Did
    rents in Bombay come down.  We have changes in Shupstrasse & Hatton
    Garden too. 

    Even Today I still feel this is the biggest market and there are
    more sellers out here than anywhere else. 

    Yes the mood in Asia, Mid East & Europe is on the upswing. It is the
    US that is pumping War Expenditure & Releif into this area. We are
    buying Food, Fuel, and Unworthy Allies. 

    I have faith in this country and the system with all its defect is
    still the best. 

Regards
Kenneth Singh 

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