Development
Getting things built in New York — the approval routes, the affordability programs, and what actually determines a construction schedule.
Why Asian Capital Is Chasing London's 8% Office Returns Over New York
Japanese, Chinese and Singaporean investors are moving into London commercial real estate for 8.0–8.4% projected returns, while New York's own office recovery follows a separate trajectory.
Manhattan luxury contracts sink to 13 deals over Labor Day week
A plunge to just 13 deals worth $66 million signals buyers are hesitating as new taxes and tight inventory reshape the high-end housing market heading into fall.
Air Rights Explained: How Manhattan Towers Buy Unused Height From Their Neighbors
In New York zoning, air rights are not ownership of the sky.
How commercial property tax abatements work for Manhattan developers
ICAP offers 25 years of tax relief for industrial and commercial buildings that are built or renovated, but geographic restrictions and spending requirements determine which projects qualify.
How A New York Development Actually Gets Approved
Whether a project needs a discretionary approval determines its timeline more than its size does.
What New York's Affordable Housing Programs Actually Require
Affordable is defined against a regional income measure, which is why the label so often confuses.
What A New York Construction Schedule Actually Depends On
Not the building. The approvals, the utilities and the neighbours.