From the April issue: Much ink has been spilled about the skyrocketing price of New York City land. Judged against almost every real estate measure in the market, land prices are through the roof — and that’s even as values for co-ops, condos, rentals and office space are soaring. [more]
The dirt on NYC’s soaring land values
With condo prices failing to keep pace, industry experts worry land prices will hit "point of no returns"