Don't forget that NY is a city that doesn't produce anything, no factories of not, no oil, no agricultural development, all it produces is service and host financial systems and company offices.
It's easy to move a company office, not to easy to move services but doable, and people moving out can increase, which decreases the tax base which increases problems.
Many companies have office buildings in "nice places" simply because of status and that they believe that "no one would do business with us if we didn't have this address".
Perhaps this was more true in the past, but I think that it's a holdover from a time where communication couldn't be done efficiently unless everyone was face to face.
Don't forget that NY is a city that doesn't produce anything, no factories of not, no oil, no agricultural development, all it produces is service and host financial systems and company offices.
It's easy to move a company office, not to easy to move services but doable, and people moving out can increase, which decreases the tax base which increases problems.
So much of that work can be automated or done remotely. So many companies are a giant bureaucracy and one guy making the actual product.
Many companies have office buildings in "nice places" simply because of status and that they believe that "no one would do business with us if we didn't have this address".
Perhaps this was more true in the past, but I think that it's a holdover from a time where communication couldn't be done efficiently unless everyone was face to face.
Buzzfeed felt that way. A lot of people in Silicon Valley or Boise feel this way.