| mheadroom |
Jul 26, 2012 2:28 AM |
Quote:
Originally Posted by Enigmatism415
(Post 5777902)
I am curious myself...
|
It's more complicated than supply and demand. Commercial tenants are usually very particular. The Hudson Yards probably offers better rates. Some tenants probably like the idea of being closer to residential neighborhoods like Hell's Kitchen, the Upper West Side, and Riverside even.
Personally, I hate the Financial District. The streets are too narrow, too congested. The half a dozen massive construction projects makes it even worse. Fulton Transit center somehow makes a horrible commuting situation worse (at least for the time being).
The memorial is a disaster. Listless tourists pouring into the streets out of those horrendous buses that take up precious little space. It's like enduring a freakish Disney World with no rules and no common sense.
Forgetting about the tourists, let's complain about getting lunch. If you aren't in a nice new building with a cafe inside, you have too deal with long lines in crowded delis. Its horrible. Midtown is only a little better. My favorite places to work have always been on the far west side where there are very few commercial buildings and fewer tourists. It's much more civilized. If I were in charge of finding a space for my company - I would pick the Hudson Yards over the WTC any day for all the reasons I just listed.
Also, let's not forget that sometimes its just being superstitious. A lot of the New Yorker staff balked at the idea of moving into 1WTC with Conde Nast. I'm sure there are plenty of companies that don't want to work in a building they perceive to be a target. Take that all together, and an inability to lower rents any further, and you can begin to imagine why Silverstein and the PA are having a hard time attracting tenants. |
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