Developers look to top-floor attractions to maximize revenues
The Empire State Building's deck, which raked in US$82.5 million, or 40 per cent of the building's total revenue, has other properties eager to monetise their topmost floors
New York
IN a city crowded with venerable towers and gleaming new skyscrapers, builders and developers are trying to squeeze more money out of their real estate by taking advantage of one of their last available spaces: their rooftops.
Cocktail lounges and restaurants have popped up on the tops of hotels, office towers and residential buildings, offering views of the city's skyline, its bridges and waterfront, as well as US$20 mixed drinks.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Australia’s housing rent hits record high in headache for RBA
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise