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Evening Standard
Evening Standard
Business
Alexander Jan

Housing shortages, strikes and empty offices: is London or New York coming out of Covid stronger?

New York City has more in common with London than any other city in the world. Its subway-riding population of nearly nine million people (about the same as ours), drives one of the biggest service sector economies in the world. Arts, retail, hospitality and culture in both places are pretty much unrivalled.

The pandemic has harmed both cities. Headlines would have you believe New York is full of empty offices, plagued by crime and homelessness. Labour shortages, strikes, problems with policing and a never-ending housing shortage complete the list. Sound familiar?

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