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The attack on the U.S. in 2001 severely reduced the number of offices available for lease/rent in downtown Manhattan (New York City). At the same time, believing that downtown Manhattan was a known terrorist target caused many businesses in the area to relocate to safer locations Assuming no other changes in the commercial real estate market in downtown Manhattan, we should expect the lease/rent price for office space and Manhattan to increase. Indicate whether this statement is TRUE or FALSE; and then provide support for your answer.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707415

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