New York skyscraper developers face high air-rights costs
With $330m in air rights bought and sold in the last two years alone, New York is considered a trailblazer in the market and now other global mega cities are following suit.
As more skyscrapers are built in New York, developers there are under pressure to not only to buy the land – but also the air around it.
With $330m in air rights bought and sold in the last two years alone, New York is considered a trailblazer in the market and now other global mega cities are following suit.
Al Jazeera’s Gabriel Elizondo reports from New York.
Published On 18 May 2017