Bruce Mosler on Return to Work: Why In-Person Collaboration Drives Growth

Commercial Real Estate Growth in NYC

• 📈 Cushman & Wakefield shares have seen a significant boost, with an upgrade from Goldman Sachs, indicating a positive outlook for the commercial real estate firm.
• 💡 Bruce Mosler reports that post-COVID, New York City's market is experiencing unprecedented growth, with a 38% year-over-year increase in absorption.
• 🏢 Last year, 32 million square feet were absorbed, with 23 million being new leases and the rest renewals, highlighting strong market activity.

The Return to Office Trend

• 🏢 Mosler attributes the city's resurgence to the return to work, noting that buildings are now 80% occupied, signifying a full asset.
• 🗣️ CEOs are pushing for employees to return to the office to foster innovation and collaboration, which are essential for company growth and culture building.
• 🤝 The belief is that true collaboration and culture development can only happen when people are physically present and interacting.

Mentorship and Career Advancement

• 🧑‍🏫 Mosler advises employees, especially younger ones, that the fastest way to grow, learn, and be mentored is by learning from experienced individuals.
• 🚀 To gain experience and advance in any business, being "in the game" and present is crucial for rapid development.
• 💡 He emphasizes that seeking out experienced individuals, often those with the most