GVSHP executive director, Andrew Berman, says with zoning protections, the Tech Hub could be a "win-win" for everybody.

“No New Yorker should be subjected to live in a hazardous home, yet bad landlords in our city are forcing too many tenants to live in dangerous and indecent conditions,” said New York City Public Advocate Letitia James.

There is still an abundance of capital in the market for all asset classes, and it is fueling extreme increases in values.

Developers are now targeting larger users with new spec office.