REBNY Releases Q4 Quarterly New Building Construction Pipeline Report

Activity of new building construction in the pipeline increased during the 4th quarter of 2021 according to the late January report released by the Real Estate Board of New York. New building filings totaled 665 from October through December 2021, representing a 36.83% increase quarter-over-quarter, and a 22.24% increase year-over-year. Projects filed collectively represent 31.65 million square feet, the largest total proposed fir a given quarter since Q3 2014.