Quote:
Originally Posted by Crawford
That NYT article is bizarre. I think the author should follow SSP, NY YIMBY, The Real Deal, and other sites.
They should have written that article around 4-5 years ago, when a bunch of supertalls were finishing up, and there were almost no serious new proposals. But there has basically been no building boom activity for years.
In the short term, we're actually much more likely to be on the cusp of a building boom. We're certainly due, given all the supertalls in planning.
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Right, it was purely someone's speculation, but thought I'd share anyway.
Despite much empty office space most of it is old space undesirable to companies anyway. I'm guessing they didn't take that into account.