Posted Oct 18, 2024, 9:59 AM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,344
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421A was also extended as well. I think we are in for a nice residential boom. The vacancy rate is like 1.4 percent or so... which is very low. Hasn't been that low since the 60's, and so, city is way overdue for a housing boom.
We'll likely see a big push for permits with the 421A extension.
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