November 02, 2022

New York Construction Spending Has More than Doubled Since 2021

New York Construction Spending Has More than Doubled Since 2021

NYC expects to spend around $270 billion overall on construction throughout the next two years.

These increases are attributed to investments in office space, retail, hotels, institutional development, and entertainment venues, among others. Some of the largest construction projects in the next two years include 66 Hudson Blvd., 3 Hudson Blvd., 5 World Trade Center, 200 Greenwich Street and 99 Hudson Blvd.

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