Read my latest Bloomberg View column
Living the High Life.
Please join the conversation over at Bloomberg View. Here’s an excerpt…
Never have so many residential buildings had such lofty aspirations. Based on the number of stories in buildings worldwide that are more than 650 feet (200 meters) high, we’re in the midst of an edifice eruption. An even bigger surge is forecast for next year. The interest in what might be called pinnaclenomics has been driven by capital seeking higher returns in hard assets like luxury real estate in the world’s financial centers — especially in developing nations….
Some other related content on the tall building phenomenon:
– My ‘Three Cents Worth Column’ on Curbed NY: Proving New York’s Blockbuster $100M Sale Is An Outlier
– Bloomberg News (Prashant Gopal, Oshrat Carmiel and John Gittelsohn) Manhattan Luxury Condos Sit on Market While Foreign Buyers Wait
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