But relentless inflation in real estate and health care costs is endangering New York’s long dominance in the creative sector, according to a new report, as artists and companies migrate to less expensive cities eager to lure them.
For example, 20 years ago, New York was the headquarters for half of the world’s advertising agencies, but it is now home to fewer than a third, according to the report, written by the Center for an Urban Future, a New York research group that analyzes urban policy issues.
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