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.

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    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.


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