NEW YORK CITY—When it comes to New York City, economic and demographic trends all appear to be conspiring—for good. In this EXCLUSIVE video, Cushman & Wakefield senior managing director Ken McCarthy talks about the influx of foreign capital both here, the record breaking job growth that's happened here in recent years, the positive and important impact of the millennial generation and the upward movement of the labor force in a surprising sector.
“A lot of the foreign capital is interested in New York City,” he says. And so too, it seems, is the young generation that will make up the labor force in the future.
Watch the video above for more, and read McCarthy's take on the national economy in yesterday's related story "C&W: Consumers Will Spend More in Q2, Q3."
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
