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>> Since then Amazon has leased a ton of office space in NYC (including a large chunk of Hudson Yards, which is the priciest new development) and is expanding i

>> Since then Amazon has leased a ton of office space in NYC (including a large chunk of Hudson Yards, which is the priciest new development) and is expanding its presence in the city, all without the $6B+ in subsidies that Virginia and other states/cities across the country promised them. Funny how that works. I want to be fair here -- HQ2 was being discussed before the pandemic when office space was at a premium. We are now post-pandemic, where office space in major cities sit empty, languishing, and sometimes entire buildings going bankrupt with no equity value left. Of course Amazon is able to easily rent tons of office space in NYC _now_.

paxys 3y ago
The expansion happened in 2019 (https://www.cnbc.com/2019/12/09/amazon-to-lease-space-in-manhattan-less-than-a-year-after-hq2-fallout.html https://www.cnbc.com/2019/12/09/amazon-to-lease-space-in-man...).
BoiledCabbage 3y ago
> I want to be fair here -- HQ2 was being discussed before the pandemic when office space was at a premium. Which if office space was at a premium, then that means there was way more demand then there was supply. Meaning there is no reason to be paying people to move into this premium, high-in-demand product. All the more proof that her and others saying the same thing were correct.
- TuringNYC 3y ago
  >> Which if office space was at a premium, then that means there was way more demand then there was supply. Meaning more people want it than the amount available. Meaning there is no reason to be paying people to get this premium high in demand product. All the more reason that her and others saying the same thing were correct. The argument was the subsidies were going to be to build new office space in Long Island City in Queens, where there weren't many jobs. As a former Brooklyner, this seemed like a huge positive to me. Imagine not having to move to the West Coast for FAANG jobs! (Obviously this has substantially changed with the pandemic and FAANG jobs distributing across the coasts post pandemic)

paxys 3y ago

The expansion happened in 2019 (https://www.cnbc.com/2019/12/09/amazon-to-lease-space-in-manhattan-less-than-a-year-after-hq2-fallout.html https://www.cnbc.com/2019/12/09/amazon-to-lease-space-in-man...).

BoiledCabbage 3y ago

> I want to be fair here -- HQ2 was being discussed before the pandemic when office space was at a premium. Which if office space was at a premium, then that means there was way more demand then there was supply. Meaning there is no reason to be paying people to move into this premium, high-in-demand product. All the more proof that her and others saying the same thing were correct.

TuringNYC 3y ago
>> Which if office space was at a premium, then that means there was way more demand then there was supply. Meaning more people want it than the amount available. Meaning there is no reason to be paying people to get this premium high in demand product. All the more reason that her and others saying the same thing were correct. The argument was the subsidies were going to be to build new office space in Long Island City in Queens, where there weren't many jobs. As a former Brooklyner, this seemed like a huge positive to me. Imagine not having to move to the West Coast for FAANG jobs! (Obviously this has substantially changed with the pandemic and FAANG jobs distributing across the coasts post pandemic)