NEW YORK CITY-In another sign of improving fundamentals in the city, the New York Building Congress has revealed to GlobeSt.com that it sees an even brighter future for Gotham in 2013 than it predicted late last year.
The prognosis for government spending is much healthier than previously forecasted, residential development is on the upswing, institutional projects are numerous and, in may cases, ambitious, and cultural institutions continue to press forward with construction, says Richard Anderson, president. Office building has been lackluster, he admits, but there's enough going on to accommodate the office slump.
“If these trends continue, and office picks up, over the next few years we could be in a rather strong situation,” he tells GlobeSt.com. “Maybe not as much as five or six years ago but we'll be still fairly strong. Actually, we're already fairly strong, and things could get even better. So we're optimistic.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
