New York City has become boomtown, USA — registering the largest number of office workers in its history and nearly tripling the office space it lost to the 9/11 terror attacks, according to a report released Monday.
“New York City’s office properties are an important part of its economy, attracting businesses and workers from around the world,” said state Comptroller Tom DiNapoli.
The city has added 38 million square feet of new office space in the past 16 years through new construction and the redevelopment of lower Manhattan, the report said, after losing 13 million square feet on 9/11.
Office jobs now account for 1.5 million of the city’s 4.3 million jobs, and office space has reached 550 million square feet, DiNapoli said.
Midtown, Midtown South and downtown account for 450 million square feet of office space — three times what all of Chicago can boast and twice as much as in London, according to the comptroller.
Demand lowered the Manhattan vacancy rate from 12.8 percent at the end of the recession in 2009 to 9.7 percent in 2015.
Our editors found this article on this site using Google and regenerated it for our readers.
Date Of Update: 14 February 2018, 11:43
