There is development in NYC but there could be exponentially more except for the very strong NIMBY movement here. Most of the new development is occuring in Lon

There is development in NYC but there could be exponentially more except for the very strong NIMBY movement here. Most of the new development is occuring in Long Island City and Downtown Brooklyn, where there isn't as much organized resistance from old rich people. Chicago built multiples of NYC in terms of buildings over 40 stories in the past decade. NYC has at least equal demand (probably far greater) for tall buildings, yet much of the most expensive neighborhoods in Manhattan are filled with four story buildings.