While the pols of NYC push for shiny new offices downtown and Hudson Yards, there is still not enough housing development to keep up with demand.MNdible wrote:For those who keep wondering why we can't build cool stuff like they do in Manhattan:
Asking rents have been lowered at 1 World Trade Center...
...all the way from $75 to $69 per square foot, for typical large blocks of mid-tower floors.
Which is literally three times what developers around here say they need to be able to command in order to justify a new tower.
Not enough new housing