Sid and Friends in the Morning.

Entertaining and informative on the Red Apple Podcast Network.

With us today is Bruce Mosler and Cushman and Wakefield,

chairman of global renting, I guess, in commercial properties.

Well, Bruce, give us your pulse.

There's nobody better in the commercial market than you are.

Give us your, and you handle all the big companies.

Give us your pulse of New York, Florida, whatever you want to tell us.

And what I'm afraid of, me and you both love New York.

What I'm afraid of is we're losing companies and retail, et cetera, et cetera.

Well, John, good morning.

First of all, on this very important day, Memorial Day, I'll come back to that.

But to answer your question, year-to-date,

Manhattan has had about 16.2 million square feet of leasing. That's about 12% up over last year,

which was the biggest year we've had a decade, 39 million feet of renewal and new leasing.

That said, John, for me the concern is that we need to be careful in terms of how much we push the envelope in terms of taxing corporates,

taxing individuals. The city is an expensive city to do business. And yet, with all of that said,

we continue to chug along because there is no other city in the world that has the talent

pool, the labor skills that New York has, and that is no offense to other cities. But the

bottom line is if you're going to scale a business in tech or finance

or AI today, New York City is the place you want to be. But let's face it, there's a breaking

point. And so we must be careful. We need to understand that business is his friend. If he wants to

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