It is estimated that about 1% of the total housing stock in New York City is rent controlled (2019 figure), which is something different than rent stabilized. Generally the way the former works is that you have to have been living continuously in the home… Read More
Last week we spoke about how many businesses don’t want to own their own real estate, but that some do. We then spoke about Prada’s recent acquisition of 720 and 724 Fifth Avenue for $835 million. However, they’re not the only ones. According to New… Read More
We need more “activity centers”. That is my takeaway from this report by Brookings. Activity centers are exactly what they sound like. But to be more specific, the definition used in the report is based on five categories of assets: community, tourism, consumption, institutional, and… Read More
Let’s add some historical context to yesterday’s post about autonomous vehicles. As the regular non-autonomous version of cars started to infiltrate our cities in the early 20th century, largely following the creation of the mass-produced Ford Model T, there was a general view that cars… Read More
There’s lots of data out there to suggest that there is a correlation between urban density and housing unaffordability. Take Hong Kong. It is very dense, and also one of the most expensive housing markets in the world. But I think the real question is:… Read More
Earlier this year, the Mayor of New York City, Eric Adams, and the Governor of New York, Kathy Hochul, assembled a panel of civic leaders and industry experts to try and come up with a plan for a “New” New York. Initially, this panel was… Read More
There is a very common story that plays out in cities. It starts with an area that has seen disinvestment and is probably a little seedy and/or dangerous . This creates an environment where rents and real estate as a whole are relatively inexpensive. New,… Read More
I have been reading Fred Wilson’s blog for over a decade now (and he has been blogging for almost two decades). A lot of the time it is about venture capital and tech, but similar to what I do here, it can be about almost… Read More
We talk a lot about congestion charges and road pricing on this blog. Here’s a list of some of those posts. I found 46 that were tagged with “road pricing.” I continue to believe that it’s the only way that big cities can effectively solve… Read More
So here’s the headline: More people are moving to Manhattan than before the pandemic. This is true. But an even more accurate description might be that New York City was losing people before the pandemic and it is still losing people. But things have rebounded… Read More
BRANDON DONNELLY 