Submitted by rootbeer_racinette t3_zfxjr2 in nyc
NetQuarterLatte t1_izfbs2f wrote
Reply to comment by brianvan in New York’s ‘zombie’ office towers teeter as interest rates rise by rootbeer_racinette
I think there's no finish line.
The fact that we have tons of empty storefronts and empty office space suggests it's too hard for new businesses to be created.
If existing employees are stuck in shitty jobs because they employers suck, creating new opportunities will move the needle on job safety and empowerment more than any regulation that intents to improve workers' position.
On the other hand, if we had physical limitations on commercial space available (all storefronts busy, say with skyrocketing commercial rents), I think the marginal low hanging fruit would be different and my criticism would be aimed at something else.
brianvan t1_izfcjaf wrote
Offices and storefronts are empty because landlords require a small fortune to lease one
NetQuarterLatte t1_izfd69w wrote
Retail and office rent in NY have been declining almost every quarter since 2020. Meanwhile, vacancy is increasing.
brianvan t1_izfedxl wrote
erm that data says it’s positive-trending.
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