NYC News

City’s office-building boom won’t be enough – Greg David

Manhattan is seeing a boom in office-space construction, the New York Building Congress reported recently. The organization projects just under 20 million square feet will be added between this year and 2018.

Sounds good? No, it is not enough. That is an important issue to understand as the de Blasio administration begins the process of winning approval for a major rezoning of the midtown east corridor to encourage new construction.

Let’s start with another number: 450 million, which is the total amount of office space in Manhattan. That would the 2015-2018 increase about 4%.

Read More

Categories: NYC News

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s