Released on: August 5, 2008, 5:35 am

Press Release Author: Norman Bobrow and Company

Industry: Real Estate

Press Release Summary: Reduce your lease costs when you lease commercial spaces in
Manhattan with governmental programs.

Press Release Body: In some ways, the events of September 11, 2001 have achieved
their desired result. The commercial life of lower Manhattan has decreased
significantly. Such being the case, the government has risen magnificently to the
occasion and offered a number of incentives to attract businesses to lease office or
retail space in lower
Manhattan. Incentives such as the World Trade Center Rent Reduction, or the
Commercial Revitalization Program. Tax abatements, decreased taxes, reductions on
your electrical costs… The list goes on. The World Trade Center Rent Reduction
Program, for example, has been allocated a god $115 million, and saves the tenant
anywhere from $3.80 to $5.00 per square foot. The Commercial Revitalization Program
gives the tenants of the area included in the program a tax abatement. The Energy
Cost Savings Program reduces electric and gas bills. Obviously, there are some
prerequisites to be eligible for these programs. There is a minimum/maximum term of
lease, the retail space must be located in a specific area, and for some, there must
be a minimum amount of employees.
To find out if you are eligible for any of these governmental programs, call Norman
Bobrow at (212) 682-4280 or email admin@normanbobrow.com.


Web Site: http://www.normanbobrow.com

Contact Details: 331 Madison Ave, 7th floor
New York, NY 10017
(212) 682-4280
admin@normanbobrow.com