Wednesday, July 13, 2011

Development site sales, prices rise in northern Manhattan

Crain's New York Business RED ALERT: Development site sales, prices rise uptown

The Bottom Line: Demand for development sites is picking up in northern Manhattan.
*Better sites are now drawing bids ... nearly $79 per buildable square foot in the first half of 2011.
*Smaller multi-family units in Harlem seeing rents in line with peak levels prior to the recession.

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