LOREMA: It seems that no matter where you are in the capital, be it in the inner or outer boroughs, your impression of the built environment is undoubtedly going to be a positive one.
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This is a landscape that last year saw more units under construction than we, in the 20 years that we have been monitoring the market, have ever seen.
Business is booming, right? Right?
A look beneath the headline figures reveals a market that has not only flatlined but also one that may be experiencing a fundamental shift away from not only the traditional residential construction hotspots but also the traditional build-to-sell model of doing things.