Blocks & Lots

Recent Press: Today’s Must-Have Amenity? A Little Green Space (NYTimes)

From July 1, 2020, through the end of June 2021, sales of new-development units with a private terrace increased by 42.3 percent across the city, and sales of units with a balcony increased about 40 percent, compared with two years earlier, before the pandemic, according to the real estate data firm Marketproof. Sales in buildings with a communal roof deck also increased nearly 19 percent.

“It turns out that urban living is still what people want,” said Kael Goodman, the chief executive of Marketproof. “But the question is: How do people want their spaces to look, and what amenities do they want in their building? That’s changed somewhat.”
In the current market, “some buildings are just lucky,” Mr. Goodman continued. “They built buildings that have larger outdoor spaces — private spaces and shared spaces — and that is working to their advantage.”