NYC: Expect Increased Density, Taller Buildings in Transit-Rich Neighborhoods

Marisa Lago at REBNY Commercial Management Leadership Breakfast/ Photo courtesy of REBNY

NEW YORK CITY—At the Real Estate Board of New York’s annual event honoring commercial property management professionals, Marisa Lago set forth priorities for the city’s current urban planning. In her keynote speech, the director of the New York City Department of City Planning and chair of the City Planning Commission described how she envisions the city’s handling the housing and workspace demands to sustain continued future growth.

Lago pointed out that currently the Big Apple is home to 8.5 million people and 4.5 million jobs, both all-time highs. From 2010 to 2017 the city added 600,000 jobs—which exceeds the total number of jobs in the entire city of Boston. “But while our growth poses opportunities, it also poses challenges,” she added.