We can't speculate, but we can certainly say that the Steinway building, as an example, is considered by many in the industry as one of the finest examples of modern architecture. They're certainly not going to be building many more of them. There's only a limited amount of space there. It's a prime location. Given that real estate is primarily about location, space and availability, we believe it will substantially increase in price over the years.
On August 27th, 2024. See this statement in context.