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Apartment construction slows to a crawl across New York City

Construction activity on pace to decline by nearly 80% year over year
Drops in apartment construction activity have been witnessed across Queens, Brooklyn, Manhattan and the Bronx. (CoStar)
Drops in apartment construction activity have been witnessed across Queens, Brooklyn, Manhattan and the Bronx. (CoStar)
CoStar Analytics
September 13, 2024 | 7:23 P.M.

As the final quarter of 2024 approaches, there is a notable slowdown in new apartment construction across New York City.

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