President Bush to Rent $300,000 a Year Dallas Office Space
Bloomberg reports: President George W. Bush will rent offices in Dallas at the Sherry Lane Place building at an initial cost to taxpayers of $311,600 a year, close to what former President Bill Clinton paid when he settled on New York’s Harlem neighborhood in 2001.
“The top of the market in Dallas is the bottom of the market in Manhattan,” said Dan Fasulo, managing director of Real Capital Analytics Inc., a New York-based property research firm.
Fasulo said he doubts Bush’s moving to Dallas will boost
rents in that city.
“Bill Clinton took office space in Harlem and he hasn’t
done anything to the office market up there,” Fasulo said. “I
presume Bush would have the same minimal impact."
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Posted by: Matthew Stone