Might not leaner and more efficient firms need less office space?
You know, profits will drive the need for office space, because profits are going to drive growth. And I think that the companies are going to use their space more wisely. But as they do that, they become more profitable and they add overhead and they start to grow. It’s kind of self-fulfilling. … Your point that, well, maybe that will mean less jobs if they’re more efficient, that could be the case, but midtown Manhattan is such a draw, is such a magnet for businesses that … if one of these financial service firms doesn’t need that space anymore, somebody else will be there to fill that void: a new business, somebody relocating in from a satellite market. Midtown is still the allure of this region, and of most major markets here in the country. Are you worried about the fate of 388-390 Greenwich Street, which is 100 percent leased to Citibank? Citi has been a great tenant for us. They are our largest tenant, I believe, today. And, they occupy the building, it’s a terrific building
