'Itâs hard to justify putting a shovel in the ground when you have supply-demand fundamentals that are out of whack,' said James Millon, a president at CBRE.
In a city usually whirling with cranes, the current lull in new office projects signals the end to a quarter-century-long building spree resulting in glass-and-steel towers that reshaped the Manhattan skyline and were filled with growing companies, especially in the technology sector.
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