theeedude
Lifer
- Feb 5, 2006
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AOC was right. Even Murdoch's rag is starting to get it now:
https://www.wsj.com/articles/new-york-city-real-estate-savors-a-tech-boom-11562760760?mod=rsswn
https://www.wsj.com/articles/new-york-city-real-estate-savors-a-tech-boom-11562760760?mod=rsswn
Spend billions on building a city services and infrastructure, to attract top tech talent, not corporate subsidies. Corporations will chase top tech talent to the moon without any subsidies.Who Needs Amazon HQ2? Not New York Real Estate’s Tech Boom
Big technology companies are doubling down on New York City by adding millions of square feet in office space and creating thousands of new jobs, with few aftereffects from Amazon.com Inc. ’s nixing of a Queens headquarters.
...
New York is emerging as an East Coast hub for technology because of the size of its labor force, its extensive transportation infrastructure and the cultural and entertainment activities that come with a big city, analysts and real-estate executives said.
“New York has lured the talent, and now the employers need to set up shop to lure that talent,” said Kevin Egan, an executive at Oxford Properties Group, which is one of Google’s Manhattan landlords. “These tenants want to be here and need to be here.”
...
Tech companies have had a presence in New York City, but now they look eager to go bigger. Since 2015, Uber has more than doubled its office space in New York City to about 160,000 square feet, while Amazon has boosted its office space almost three times to about 800,000 square feet, according to CoStar Group Inc. Facebook’s office space is now at least three times as large as it was five years ago.
