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>> 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 availabl
by 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)