The billionaire developer behind Hudson Yards, Stephen Ross, predicts that any resulting desperation among workers will be really good for him, personally. cliomiso writes
Photo: Gary Hershorn/Getty Images Jamie Dimon and Cardi B each think a recession is coming, with the former predicting a “hurricane … out there, down the road, coming our way.” But the news isn’t all bad: The billionaire developer Stephen Ross, whose Related Companies built Hudson Yards and the Vessel, predicts that any resulting desperation among workers will be really good for him personally.
The office occupancy rate in New York City topped 40 percent earlier this month for the first time since the pandemic began, according to Kastle Systems, but only 8 percent of Manhattan workers were in the office five days a week in April. Work patterns are continuing to shift.
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