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Old Posted Sep 13, 2017, 2:04 AM
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Quote:
Originally Posted by nylkoorB View Post
True. Same is for Hudson Yards and Midtown though. I really think the recent growth in Brooklyn can be a huge plus for the WTC though and could possibly play a factor in all this. As Crawford even said, things have changed. Bankers and other working Professionals are just as likely to be living in Brooklyn than far out suburbs in Long Island, Connecticut, or Upstate. There's no denying that Brooklyn's recent growth can be used as an advantage to Downtown.
Brooklyn itself has a very low vacancy rate and is seeking to expand (see various threads). The general consensus is that Downtown is much better than it was pre 9/11. But that doesn't change the fact that there will always be those companies the will prefer to remain in Midtown. But I think Downtown has the home field in this case.
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