New-York tribune., 1919-12-28
Natanson, Whose Operations Total s40,-
O0O,OO0, Says Values and Rents Will
Be Higher; Bases Opinion ON Unques.
toned Economic $: His Advice Is BUY

portion. At q matter OF fact they have
not yet reached the high mark. When
one considers that every other known
commodity is to-day selling for from
100 per cent to 400 per cent over prices
OF pre-war period, and that before the
war even these commodities, at the
ore war prices, were being dealt in at
j profit, and when compared with the
rents that were paid before the war,
both for dwelling and business pur-
Doses vie viii find that in most cases
ne owner of the property received no
return Whatever, ran his property at
q iosA si.d in some cases, where the
property, owing to this condition, was
taken oNee IN force closure by the mort
%agee. the mortgagee did not earn his
interest, S. that the rent that the ten
ant paid a. that time was not the real
rent that should have been paid, but q
rent fixed by the tenant, which the
/ landlord, because of the overproduc-
ION OF buildings which existed, was
forced 10 accept
Pre-war rents. therefore, cannot be
considered as a basis on which to figure
present rents.
New bui dings Will not in any way
affect the present situation, particu-
larly IN business sections. In any
new build. d.ng proposition that is con-
mplNted even il nothing were paid
Tor the sand, fair return on the
ritai invested, the payment of taxes
and mAlrtenance charges would compel
lhe oWrer to charge a rental of at
least 81 square root re this item
must naturally be added fair return
on the value of the land.
OutofTown Firms Wanted Space
l..
undertake a large venture in the mid
town section and expected to have about
4OOoro square feet to rent. and in
order to satisfy myself that this space
could be readily rented | instructed
we'll known real estate brokerage firm
to insert an advertise ment for ME in
Several of the New York papers, and
the result was that within three OF
four days they had applications for
space totallng over 100000 square
feet. More than 90 per cent of the
applications were from out-of- town
concerns.
therefore repeat that the market
has not yet reached the highest rental
value, nor the highest sale price.
There Is an infinitessimal amount of
vacant space. In competition for
manufacturing space rents will un-
Guest1onably be increased.
WITH these increased rentals there
should be corresponding increase in
value, for the stabilzing effect of this
movement is we'll marked.
One cannot be censured for dealing
IN and supporting extensively a mar
ket so we'll and substantially based.
Situation Similar Elsewhere
The situation IN rentals is not un-
like that which exists in other i'm
portant centers of the country, where
4 canvass would undoubtedly show a
similar upward tendency in renting
conditions and values A strong factor
IN the present real estate market is that
the sale OF real estate has not been con-
tined to any one particular section of
che five boroughs, but everywhere. In
a,anhattan, from the Battery to Spuy-
ten Duyvil. aud in my belief before
long even in the lower East Side. values
Will rise
Buy real estate, again 1 urge, as the
present real estate market opportuni-
@lcs Will not present themselves again
for long time.