u/DeadMoneyDrew

Human summary: Flush with VC cash, AI startups in NYC are reserving way more office space than they currently need in anticipation of growth, and landlords who apparently didn't learn a damned thing from the dotcom bust are betting that these startups will generate enough cash to pay their high rents. Absurd examples include a startup that has only one employee besides its founder yet rents a 3000 square foot space for $28k per month in SoHo, and another startup that is a sole proprietorship with no employees but a large spot in a Park Avenue coworking space.

Like, what the flying fuck. These people are delusional and the suppliers who enable them deserve to get burned.