One out of five dwelling units currently under construction in New York City is in a hotel. That’s the highest proportion since 2013, according to an analysis by The Real Deal. This milestone reflects a combination of several factors. As the volume of active apartment construction has slowly trended downwards over the past two years, hotel construction has continued to show strong growth despite earlier signs of a slowdown and predictions of an impending demise. […]
source https://therealdeal.com/2018/08/14/the-nyc-hotel-construction-boom-is-back/
No comments:
Post a Comment