With more than 2.5 million square feet of office space coming on in Manhattan every year, the question must be asked: Do we need all of this? Developers insist yes, and ask that you look to rest of the world as evidence. “If you look at London in the last 20 years, London’s replaced 50 percent of their stock with new office space. If you go to Hong Kong, that number is 80 percent. If […]
source https://therealdeal.com/2018/05/14/trd-forum-manhattans-office-and-resi-markets-still-have-plenty-of-room-to-grow-developers-say/
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