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This research report series examines the major components of the City of Yes for Housing Opportunity. While exact housing outcomes will vary, each report explores where the proposed changes are likely to be most impactful.
NYC Development Rebounds; Is It Enough to Solve the Housing Crisis? Forbes
JUL
7
After years of uncertainty, 2024 delivered a surge in development activity that surprised many in the industry. Development site sales reached $5.5 billion—a 45% increase over the prior year—with $2.4 billion (or 44%) of that volume tied to office-to-residential conversions.
