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Dr. Peter Linneman, Leading Economist and Professional Emeritus

The Walker Webcast

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Is There Demand for Class a New Product in Manhattan?

Office developers say there's an opportunity for people who want to move into the newest product with the newest amenities in Manhattan. Some of its commodity space that's being built as well scattered around not a one-bander build obviously but some of it is commodities. Tech had been taking lots of space the big tech guys announced that they were shrinking or staying the same size so they stopped taking space. The December and November employment data showed the information sector which is where those tech companies are had positive job growth despite cutting their workforce.

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