Zell: No Demand for New Office Space Built in New York
[{"id": "d6l2qq3", "text": "A hospital system just signed a lease for 500k sqft in midtown. \"No demand\" is a bit of hyperbole. ", "replies": [{"id": "d6m0x3j", "text": "One 500k lease surely does not reflect the total health of the manhattan office sector, though. Office SF per employee continues to shrink with tech advancements. This trend has been going on for a while.   ", "replies": [], "depth": 2}], "depth": 1}, {"id": "d6t77t6", "text": "Zell is the most negative guy in real estate right now. Of course he has a negative prediction.", "replies": [], "depth": 1}]