Don't forget though that that area in NYC has a ton of both empty space and low-value commercial space that can be torn down and redeveloped. It's also home to one of the biggest transportation deserts in the city, which will be functionally unlocked in the next five years or so once self-driving cars are a thing.
While stuff takes time to build, at the end of the day there is a lot more land to build buildings than there are people who want to live there. And unlike in SF, if there is new demand then those buildings will actually get built.
While stuff takes time to build, at the end of the day there is a lot more land to build buildings than there are people who want to live there. And unlike in SF, if there is new demand then those buildings will actually get built.
edit: Was referring to the LIC location, not VA.