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Originally Posted by DCReid
I am skeptical of that - remember 9/11 scared many into thinking that people would not want to work or live in very tall skyscrapers, and look what has happened.
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Yes. Also keep in mind that occupying towers such as these, while somewhat necassary, are also somewhat image based. It’s why there’s a tiered office market in the first place. Anyone who was going to have a huge presence in this tower likely still would. Also, the pandemic will have no effect on lease expirations, which will always continue regardless of situation. Also, the newer office towers will be better equipped to handle working environment changes. That could also lead to someone considering leasing space in a new tower, as opposed to staying put in or finding space in an older one. Bottom line is, we’ve seen talk of drastic changes and effects from one situation or another, from floods, hurricanes, storms, blackouts, terrorists attacks, blizzards, you name it. And yet, not only has the city come back, its building entirely new business districts, and expanding or renewing older ones. I would put my money on that continuiing.