The economics of skyscrapers. With all the advances in transportation, networking, and the rise of inner city costs, why do companies still find it financially beneficial to set up shop in congested areas?
In: Economics
Most urban cores with skyscrapers are centrally located and/or have transportation that funnel people toward them from all directions of the metro area, which gives companies the widest area from which to recruit. The younger workers who live downtown can easily commute by bike/transit/ride share, while the older suburban workers can commute by car or transit (like commuter rail). And because there will be highways and train lines coming from all directions, the whole metro area is accessible. A company out in a suburban area might only be able to recruit talent from a portion of the area, because of the time/effort to commute there and the difficulty of commuting via transit can prevent urban young workers from considering it.
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