I'd be out on a limb, but I think it would only take you partway, because I think some of it is structural as well. I think some of it potentially has to do even with the relationship with tenants who use PW services. The sophistication of that tenant, for example, can have an impact on how well PW can manage costs. If you have a tenant who's a good planner and knows he needs a new building next year versus tomorrow, you might be able to give a little more efficient service.
On March 20th, 2007. See this statement in context.