Wall Street Firms Are Considering A Mass Exodus From New York
21st July 2020
Read it.
And who could blame them?
Firms in New York’s financial district are facing an onslaught of headwinds amounting to great reasons to simply pick up and leave: employees working from home, unused office space, a mayor who has squelched law and order in the city and a state legislature obsessed with taxation, just to name a few.
That’s why we weren’t surprised when Bloomberg reported that New York’s financial and professional-services industries are considering eliminating up to 20% of their footprint in the city.