Quote:
Originally Posted by nomad11
Given that the Hudson Yards towers are getting underway with high profile tenants (or potential tenants), and the foundation work has already been finished on 2 World Trade (with 3 World Trade likely to rise by early next year)...how likely is it that a tower of this size gets built within the next 5 to 10 years...will there be a realistic need for that much office space (assuming everything that was said about HY and WTC)?
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To piggy back of what hunser said, almost 90% of Manhattan's commercial real estate on a square foot basis predates 1970, so there's a lot of pent up demand for new space. Plus, this is about as prime a location as you can get. Park Avenue is probably a little bit more desirable, but this is just about as good a location as you could imagine. Should have no difficulty getting a tenant.