Tuesday, November 6, 2012

Sandy knocks out 10+% of Financial District!




It wasn’t 9/11, but Hurricane Sandy sidelined between 10 million and 15 million square feet of office space downtown, Jones Lang LaSalle tristate CEO Peter Riguardi estimated yesterday — more than 10 percent of FiDi’s 94 million square feet, NY Post reports.

The surge temporarily displaced companies central to downtown’s economy, including at such huge addresses as 1 New York Plaza and 55 Water St. Most firms were secretive about short-term relocations in the Financial District, in part because they were still figuring them out. It was not immediately known what 1 New York Plaza mega-tenants Morgan Stanley, Wells Fargo and law firm Fried Frank were up to, for example.

But Citigroup shared a notice it sent to employees at 388 and 390 Greenwich St., apprising them that they could come back to work yesterday — although without steam yet to be restored, they should “be prepared for cooler temperatures and dress accordingly…..”

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