Quote:
Originally Posted by aquablue
The article mentioned that one of the reasons TS office market is on the downward spiral is because of the costumed street performers and throngs of tourists impacting office workers. I wonder if those buildings are going to be converted to hotels down the road if TS becomes unpopular with business. It would make sense that they wouldn't like TS, but I think that wouldn't bode well for the district.
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A few companies that are able and willing will relocate from Times Square, leaving behind space that will be filled by others. The amount of office space being built on the west side, downtown, and midtown east is still just a small portion of the city's office market and leasing activity. Don't worry about space there being filled, whatever the case.
As far as EY is concerned, the move would be to 1 MW, which should pretty much fill the tower. Like Related's HY developments, the spillover should jumpstart the next tower.