Now certainly would be a time to build in HY -
Manhattan Clocks Most Active Quarter For Office Leases Since 2019 -
https://www.bisnow.com/new-york/news...andemic-128744
..."Hudson Yards is especially desirable, with an availability rate of just 9% and the rental rate for all buildings in the neighborhood averaging roughly $163 per SF.
The Plaza District, which has become a hotbed for new development, has an availability rate below 12%. Plaza North follows Hudson Yards with the second-highest rental rate in the city, at $125 per SF. In Plaza South, rents sit at about $101 per SF."
But WTC2 may not get off the ground for a long time:
"The least sought-after neighborhoods remain in Lower Manhattan. The Financial District, where most of the city’s early office-to-residential conversions are taking place, has an availability rate of 25.6%, with rents at an average of about $56 per SF. "