Quote:
Originally Posted by BrownTown
You guys do know interest rates are going up again next month and expected to keep going up right? The days of cheap money to finance these projects is rapidly coming to an end.
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Has nothing to do with New York's need for new office space. The towers under construction now will run out of space, or at least the space needed for companies that look to sign the mega leases. It's the sole reason for Hudson Yards, and now Midtown East. Signed leases are what get these towers financed in New York.