New York City’s iconic man-made towers might just, should this downturn prove as dreadful as some have predicted, start experiencing some mysterious (and embarrassing) shrinkage. On paper, at least.
Allow us to explain. In English, a square foot translates into a scientifically precise 144 square inches. In New York real estate–ese, a square foot describes whatever the hell the market will bear.
It’s true. New York real estate professionals, not...
