New York City Offices - Is This Good?

Your standard midtown office, if it's reasonably nice, can easily go for more than a hundred dollars per square foot, per year. It prices out a massive number of companies who would quite like to be in the middle of everything. If companies find themselves able to down size and have less space because fewer people at any given time are in their offices,. That opens up a bunch of space for other companies to be able to come in at maybe lower prices. I think what we're really doing here is we're just waiting for the price mechanism to adjust.