Bloomberg hailed by real estate biz

NYC's real estate community loves Mayor Bloomberg and wish that he would run again for office. The last decade several highrise apartments have gone up around the city and the mayor has encouraged development on all sides of town. This adds more real estate to sell and to rent where it had been growing scarce before the development projects went into play.

Through rezoning and development, apartment prices have tripled in price in the last 10 years and it is not narrowed down to one neighborhood. Areas of town that were previously not as upscale as others have been developed in such a way that the prices are on the rise and people are moving in.

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POSTED November 04 2013 1:25 PM

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