Read it here: http://furmancenter.org/research/sonychan/ Lots of juicy data here to digest. I was surprised to discover that the peak year for new dwelling completions only account for 25k new dwellings citywide. I thought it was closer to 35k. That’s less than a 1% annual development rate! Anyone who tries to claim that NYC is becoming “over-developed” in the face of these numbers is crazy. It... [more]
Read it here: http://furmancenter.org/research/sonychan/
Lots of juicy data here to digest. I was surprised to discover that the peak year for new dwelling completions only account for 25k new dwellings citywide. I thought it was closer to 35k. That’s less than a 1% annual development rate! Anyone who tries to claim that NYC is becoming “over-developed” in the face of these numbers is crazy. It also points out that more development is taking place farther from transit. More than 20% of new dwellings in Brooklyn are more than ½ mile from a subway, and more than 50% in Queens. My interpretation is that onerous zoning (and rent regulation, probably) are compelling developers to search farther afield, contributing to sprawl.
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