New York City Mayor Eric Adams unveiled his new “Race for Space” strategy to bring in more businesses and fill the city’s staggering amount of vacant office space.
On Feb. 3, Adams announced that his administration would try to lease 50 million square feet of office space by the end of 2025. Attracting out-of-state businesses to the city, he said, would also create more jobs, which has been a big focus of the Adams administration.
The announcement coincided with Adams’s celebrating the eighth time that the city had set a new employment record under his administration. The city had 4,770,981 total jobs as of December 2024, including “an all-time high private-sector job record with 4,197,501 jobs,” according to a statement from the mayor’s office….