Quote Originally Posted by funding pro View Post
I understand this applies to where businesses are domiciled, but I'm not sure why NYC thinks increased regulations on business is going to help. Right now I can look out my office and see nearly a dozen commercial spaces that are for rent. I can look across the street and see vacant offices spaces. The new overtime law is flawed. This measurement will hurt a lot of business owners. It's almost as if Cuomo and Deblasio have an act first, think later approach.
Considering that the number of businesses in NY is up, I'd blame lack of CRE occupancy on the fact that the new economy doesn't require businesses to use nearly as much square footage as the past.