New York City (NYC) continued to record healthy employment growth in the fourth quarter. Total employment increased by 7,800 jobs from September through November (latest available) including 1,900 in office-using sectors. Through November, the city added approximately 75,000 jobs, with office-using employment increasing by 20,000.
As it has been throughout the recovery, much of the growth in office-using jobs has been in the technology, advertising, media and information (TAMI) industries. In the first eleven months of 2014, these industries added 7,800 jobs, or 40.0% of all the office-using jobs added. Overall, NYC remains one of the best performing metropolitan areas in the U.S. and is expected to continue to grow at a strong pace in 2015. We remain confident that consumers will continue to increase spending at a healthy pace, which will boost the need for retail space.
Source : Cushman & Wakefield