New York office outlook - Q4 2018

Just five months away from the longest expansion in history, the U.S. employment market is as tight as it has been in this millennia. As a result, gateway and secondary cities alike are experiencing a “flight to quality” among office occupiers as companies vie to attract and retain a limited supply of top talent. Evidenced by recent large-scale headquarters announcements by Google, Deutsche Bank, The Walt Disney Company and many others, this persistent imbalance in the labor market is arguably favoring the New York City office market more than any other time in recent history.

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