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Development still has a pulse during tumultuous times

From left: Ken Griffin, Bill Rudin, and Steven Roth
From left: Ken Griffin, Bill Rudin, and Steven Roth (Getty)
Source: The Real Deal

In the December issue of the magazine, we asked the question “Who’s crazy enough to build office?” It’s a fair question in light of numerous companies reducing their office footprints because of the rise of remote work, reduced headcount due to layoffs and increasing construction costs. Meta, for example, recently announced it is spending $3 billion to consolidate office space. Even more extreme, Twitter last week stopped paying rent on its downtown San Francisco headquarters.

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