Updated: Aug 5, 2021
With the pandemic hitting New York City incredibly hard in 2020, many experts expected that the city would face a slow, arduous economic recovery. What 2021 data has revealed, however, is a record-breaking new development market in Manhattan. Stephen Kliegerman, President of Brown Harris Stevens Development Marketing, explained how this happened in a recent Forbes article.
Stephen provided his expert perspective on the recent boom in Manhattan's new development sales, as well as his predictions for its future. He explained how factors such as "COVID cabin fever" and students returning to school have led to this impressive rebound.