Move over, condos: developers are gobbling up the city’s air rights for office projects. A new report from Tenantwise has found that people are buying more air rights for offices than for residential condominiums for the first time in years, according to the New York Post. In 2017, the average pricing for office air rights reached $315 per square foot, which was its highest in history. JPMorgan Chase, for instance, is paying in the $300s for […]
source https://therealdeal.com/2018/03/21/heres-how-much-office-developers-paid-to-acquire-air-rights-last-year/
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