1. Do Now: Which neighborhoods in NYC have higher rents than any other??
AIM: Why shouldn’t we be excited if the economy adds jobs in footloose industries?
Do Now: Which neighborhoods in NYC have higher rents than any other??

4. Why do business services cluster downtown
Why do business services cluster downtown? How does it affect land value?

5. How is land value affected when you get further from the central business district?

8. Macys in Herald’s Square is located on one square block of land
Macys in Herald’s Square is located on one square block of land. It has no parking garage and no parking lot.

9. Kings Plaza – the retail structure covers about 45% of their land
Kings Plaza – the retail structure covers about 45% of their land. Their parking garage covers 30% of the land. It is located on a lot of about 24 acres.

10. Walt Whitman Mall - located on 65 acres It has 1,133,000 square feet of store space and it covers 23.09% of the total land area. It’s parking garage is two stories tall and covers 2.4% of the land area.

11. Walt Whitman Mall

12. Kings Plaza Mall

13. Macy’s Heralds Square

14. Footloose Industries
Footloose industry is a general term for an industry that can be placed and located at any location without effect from factors such as resources or transport.

15. What are some examples of footloose industries?

16. Telemarketing Call Center

17. Why are call centers a poor contributor to a local economy?
Low Wages
Can pick up and leave
Low multiplier effect, does not provide goods.
Little labor is required.
Low skill requirements.
Very little chance for upward mobility.
Low investment requirements
Limited employment benefits