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New York City Is Leading the U.S. in Apartment Construction. Yes, Really.

Talk about a counter narrative.  While New York City’s apartment vacancy rate is still below 2 percent, according to an April report from brokerage Corcoran, and the metropolis remains a notoriously e

Summary

Talk about a counter narrative.

While New York City’s apartment vacancy rate is still below 2 percent, according to an April report from brokerage Corcoran, and the metropolis remains a notoriously expensive place to build, there has been quite a bit of progress lately in increasing housing supply.

That’s largely thanks to city and state […]

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