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The story behind the story

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Cash-rich AI startups fuel a boom in Manhattan's commercial real estate market; many offices have more vacant desks than workers, as startups prepare to scale

Isabelle Bousquette /Wall Street Journal:

Wall Street Journal Isabelle Bousquette

Discussion

  • r/BetterOffline r on reddit
    WSJ: Why AI Startup Offices in NYC Are Flashy but Mostly Empty
  • @financedircfo Alastair Thomson on x
    If there was one sector more than any other that ought to be trying to minimise its regular outgoings at the moment, it's the AI sector. (That's a lot of landlords not going to be collecting any rent a few years from now either, when it all goes belly-up...)
  • @hern Alex Hern on bluesky
    AI companies have been 7% of all London office lets, by floorspace, since 2025, according to Knight Frank. www.bloomberg.com/news/article...