Quote:
Originally Posted by 1487
growth doesn't magicially sprout new office towers in this day and age. Companies are taking less space than ever do to technology and layout changes. Job numbers are up but occupied space in CC is barely changed. When companies get new leases they are generally taking less space even if workforce stays the same.
I'm pretty sure the bulk of hi rise construction in the US right now is NOT office space.
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No kidding. Your reasoning applies to all big cities about office footprint and ones that even have growth in new office space (i.e., new office tower) despite a smaller existing office footprint taken by companies already there or co-working new space. My point is that the catalyst needs to be strong and continued employment growth (preferably a large new company or division) and growth in population (maybe people want to retire in Philly or a high-tech HB1 work visa) to further continue our building boom.