Quote:
Originally Posted by MolsonExport
I am surprised that with all the office vacancy since covid, that there is a still a market for giant office towers in NYC.
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There's a demand for
new construction, and the city hasn't really kept up with that demand, even in the best of times. That's why so many rezonings were needed (Hudson Yards, Midtown East). Companies that desire that type of space, even if the desire less of it, still desire it. But what you see are a lot of companies even expanding their office footprint. Finance and Law Firms are the biggest drivers of new office space.