Planned congestion pricing in Manhattan will likely lift residential prices in the zone, study shows, but it may be a bumpy ride for other properties
Planned fees aimed at easing traffic in Manhattan will likely edge up residential prices in the targeted zone, study shows, but it may be a bumpy ride for other propertiesCongestion pricing won’t make only driving in New York City more expensive. Research suggests it also could boost residential real-estate prices inside the pricing zone.
Last month, in a move intended to lighten traffic and raise revenue for the city’s subways, the New York State government agreed to levy congestion fees on cars navigating Manhattan south of 60th Street.
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