Exclusive outtakes from industry leaders
Audio – To park easy in New York City, try the 16th floor
The housing downturn lingers, but you’d never know it in New York City, where everybody from empty-nesters to new parents are clamoring for housing, driving up prices and inducing developers to offer increasingly opulent amenities, Prudential Douglas Elliman Chief Executive Dottie Herman told the Reuters Global Real Estate Summit.
A downtown development even boasts in-building parking, and not in an underground or rooftop lot. Apartment owners will drive into a car-sized elevator and park right next to their home.