It’s hard to imagine any other city with a real estate market as big, dynamic and globally attractive as New York. But the numbers don’t lie — other gateway cities are nipping at the Big Apple’s heels as competition for foreign capital grows increasingly fierce.
In the cover story for our October issue, now available online, The Real Deal looked at how New York City stacks up against other cities based on investment criteria such as luxury residential buys, taxes and retail investments.
In a series of stories on the city’s supertall towers, we explore how developers are one-upping each other with a record number of high-rises.
There is also a rundown of the key statistics that experts are tracking in order to gauge the precise moment of the New York market’s peak.
Meanwhile, tech startups are sweeping the city, signing big leases and setting up shop in new neighborhoods. But some landlords remain wary of signing a young company that’s still very much in the funding stage.
There’s plenty more in the issue, including a look at the confusing dynamic between the Related Companies and Core; the builders behind Flushing’s boom; and the business of buying condominium units in bulk.
Finally, in the Closing interview, Paramount Group CEO Albert Behler reflects on his boarding school days and his dream of dining with Leonardo Da Vinci.
To read the issue, click here or on the magazine tab on the top left of the homepage. Enjoy! — Mark Maurer