Scott Rechler, president and CEO of Reckson Associates RealtyCorp, stated that he's "Definitely seeing job growth," although headmitted that it hasn't been explosive growth by any standard.
The corporate emphasis on doing more with the same or feweremployees has run its course, he implied: "In the past six to ninemonths, all employees have been bleary-eyed. Employers are pushingpeople as hard as they can push them."
But economic development is more than just an expansion ofemployment demands, and the panelists agreed that true prosperitywon't take flight until the region can give those workers a placeto 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.
