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.

by

    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.


    YOU MIGHT ALSO LIKE

    Musta'ribeen, Israel's agents who pose as Palestinians

    Who are the Israeli agents posing as Palestinians?

    Musta'ribeen are an elite Israeli undercover unit that disguises themselves as Arabs or Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

     How Britain Destroyed the Palestinian Homeland

    How Britain Destroyed the Palestinian Homeland

    100 years since Balfour's "promise", Palestinians insist that their rights in Palestine cannot be dismissed.