Scott Rechler, president and CEO of Reckson Associates Realty Corp, stated that he's "Definitely seeing job growth," although he admitted that it hasn't been explosive growth by any standard.
The corporate emphasis on doing more with the same or fewer employees has run its course, he implied: "In the past six to nine months, all employees have been bleary-eyed. Employers are pushing people as hard as they can push them."
But economic development is more than just an expansion of employment demands, and the panelists agreed that true prosperity won't take flight until the region can give those workers a place to live.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
