COMMERCIAL office construction costs continue to be extraordinaril...
COMMERCIAL office construction costs continue to be extraordinarily high in New York City. Land is expensive, the logistics are difficult and municipal regulations often place burdensome constraints on developers and contractors.
Taken together, these factors bring the costs of creating new office space in a prime Manhattan location to about 50 a square foot, and those high development costs, in turn, along with high taxes and operating costs, lead to rentals of about 5 a square foot.
Jonathan R. Cohen
Murray Hill Properties, LLC
1140 Avenue of the Americas, 12th Floor
New York, NY 10036
jcohen at murrayhill****
Murray Hill Properties has access to EVERY commercial building, office and retail store/restaurant in Manhattan Office Space in New York City - Retail Space in Manahttan - New York Office Space High-End New York Office Space, Sellers, Investors - do you know any? Looking for New York Office Space or Manhattan Retail Space