Question: answer all questions please #13-15 thanks Question 13 (1 point) Toronto according to lan Austen in his artide A Dizzying Condo Market in Toronto, has
Question 13 (1 point) Toronto according to lan Austen in his artide "A Dizzying Condo Market in Toronto", has seen a growth in condo construction. Which statement would not be associated with this market in Toronto? High vacancy rates make it difficult for condo owners to find renters. Inventories of unsold condos could create a potential bubble. Low interest rates combined with financial institutions willing to lend has made it possible for home buyers to secure mortgages Currently, of the units being built 89% were already sold. Question 14 (1 point) According to Jill Chanen in her article "COMMERCIAL REAL ESTATE: Betting That Chicago Needs New Office Space, which statement WOULD NOT BE associated with the office space market in Chicago? Many of the tenants are looking for larger spaces in newer buildings. There is always the decision whether to move or stay when a lease expires. O New buildings in the present market are able to secure tenants for proposed projects. Many older buildings still lack many of the modern systems required by today's tenants. According to a published management study, this is the time for speculative building of commercial office space. Question 15 (1 point) According to Julie Satow in her article "Downtown Brooklyn's Dearth of Office Space Beckons Tishman Speyer which is NOT TRUE? Office space is priced at a lower price point than in Manhattan One concern is growing vacancy rates could dampen future demand for commercial office space. Rezoning has been a contributing factor in the development of new office space since 2004 Tenants are looking for modern amenities even in older buildings Tax incentives in Brooklyn make development projects an attractive proposition
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