Posted Aug 23, 2022, 9:58 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,293
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Eventually. There will be the need for new Class-A space and also tenants that seek to upgrade. A big thing going for the future towers of the pipeline are tenants seeking to upgrade space. Now assuming the landlord for "X" host tower doesn't renovate, newer towers or construction can always fill that niche.
On a side note, with Citadel abandoning ship in Chicago for Miami, I do wonder if that will trickle to NYC. I think given the investment in Miami-Dade, something will happen there but NYC is always as pointed out in the past, a safe bet.
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