Quote:
Originally Posted by SkyHigher
It's likely now many of these projects not just here but in the city in general will be delayed now, downsized, even cancelled due to the risk. No one really knows how bad things will look like the other side of this crisis. But one thing is for sure demand for office space will never be the same. The world will never be the same.
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That is incorrect. NY will always be the financial and commercial capital of the world, and the demand for new space will not abate. If anything, this temporary crisis will drive the demand for more new towers to replace old ones.
People are social creatures and need to work in offices. Further, the whole world isn’t going to move to the Dakotas. Lastly, Dense city living is essential to combat climate change.
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