NYC office construction hits highest level in 25 years

It’s not just pricey condos breaking records in New York.

Office construction in the city is at its highest level in 25 years, bolstered by increasing employment, consistently low interest rates, and a large supply of shovel-ready sites at the World Trade Center and Hudson Yards, according to figures published by the New York Building Congress.

A total 9.7 million square feet of new office space is slated to be built across 19 new buildings in Manhattan by 2016, including 7.4 million square feet combined in Midtown West and at the trade center.

Those numbers put the city on track to create nearly 30 million square feet of new space before 2020, a massive gain from the 22.3 million feet that was created between 2000 and 2009, records show.

“After years of planning and upfront investment, the vision of a new World Trade Center and Hudson Yards are coming to fruition and in a big way,” said building congress president Richard Anderson.

“Even beyond those two mega-projects, it is obvious that the development community is bullish on New York City’s commercial future.”

Most of those new spaces will be in Manhattan, while downtown Brooklyn, DUMBO and Long Island City remain massively underserved as developers opt to build residential as opposed to office projects.

“Despite efforts in recent years to spur office construction in business districts outside Manhattan’s commercial core, Manhattan remains the only truly viable option for most companies,” Anderson said.

The pace of new office construction may be at its greatest level in half a century, but the numbers still don’t measure up to the record-breaking period between 1968 and 1973, when 72 million square feet was delivered, including 10 million feet at the original World Trade Center.



Source:     Daily News

Recent News

Vermeer WC2500TX Wood Chipper
The WC2500TX tracked wood chipper has a 600-horsepower Tier 4-F engine that enables it to handle whole trees. It comes with either a microchip drum, which produces chip sizes between 1/8 and 5/8 inch, or a macrochip drum, which produces chips between 5/8 and 1 1/4 inches. High-wear areas—such as the drum, discharge chute, cutter
Antofagasta:  punto de encuentro de la industria minera en Exponor 2017
Una vez más, como ha sido cada año por medio desde 1995, los distintos estamentos que componen la industria minera se reúnen en una de las citas más importantes del sector, la Exhibición de Tecnologías e Innovaciones Globales para la Minería, Exponor. Con sede en Antofagasta, durante una semana se convierte en el polo de
Más de 2 mil operadores de equipos pesados participan en tercer concurso organizado por Ferreycorp
ACTUALIDAD EMPRESARIAL. Más de 2 mil operadores de equipos pesados participan en tercer concurso organizado por Ferreycorp.
Link-Belt 750 X4 Excavator
    The 750 X4 excavator has an operating weight of 158,300 pounds, and is powered by a 512-horsepower Isuzu engine. Cycles times have been boosted by 7 percent, and arm digging force by 15 percent, compared to the predecessor. Digging depth is 32 feet 4 inches with 64,970 lb.-ft. of arm force. Bucket digging
La fuerte baja en El Precio del cobre en Chile y menores leyes mineras golpearon al sector.
La compleja situación por la que atravesó la minería en 2016 se dejó sentir en la recaudación fiscal. Es que la caída en el valor del cobre y la disminución de las leyes mineras impactaron fuerte en el royalty, cuya recaudación alcanzó su menor nivel en la historia del impuesto específico que se creó en

About Us

In Tractopart we supply quality construction Parts and Heavy Equipment Parts with excellent discount rate for New , Used Rebuilt & Surplus parts for excavators, Wheel loader dozers, and undercarriage for all heavy equipment brands, we are locate in Miami, Fl

Contact Info


At Tractopart we focus on providing high quality parts at a great price. Our parts are subjected to rigorous inspection procedures that allow us to ensure product quality.

Phone: 786.219.1010
Main Office: 3505 South Ocean Drive #204
Hollywood, FL 33019