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According to research from Jones Lang LaSalle
1) Short term squeezing of margins resulting in a balance between salary reduction, property cost reduction or headcount loss.2) Potential for consolidation of non-conflicting group members into a single building.3) The need to create and work in a vibrant space but at a lower cost and, if necessary, lower quality.4) The ability to remain in Soho and Noho rather than relocating to lower cost locations.5) The ability to make real estate decisions in a time of excellent property opportunities, but highly restricted capital expenditure.
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