New York skyscraper developers face high air-rights costs

As more skyscrapers are built in New York, developers there are under pressure to not only to buy the land – but also the air around it.

With $330m in air rights bought and sold in the last two years alone, New York is considered a trailblazer in the market and now other global mega cities are following suit.

Al Jazeera’s Gabriel Elizondo reports from New York.

– Subscribe to our channel: http://aje.io/AJSubscribe
– Follow us on Twitter: https://twitter.com/AJEnglish
– Find us on Facebook: https://www.facebook.com/aljazeera
– Check our website: http://www.aljazeera.com/

Leave a Comment

We don't require your email address now, just your name. BUT, if you do add it, you may be notified if there are replies to your comment. Please make respectful comments, which add value, and avoid personal attacks on others. Comments failing to adhere to these guidelines will not be published.