News Wrap: Higher Ed Growth Trend Set To Continue; Luxury Condos Help Push Construction Boom
From Fordham University's new law school to Columbia University's Manhattanville campus, the higher education sector, particularly in New York City, has remained strong even during the recession. The trend is expected to continue for years to come, said speakers at ENR New York's Higher Education conference, held on Oct. 16 in New York City.
The city has some 500,000 higher education students—more than anywhere else in the U.S., Laura Gallo, senior vice president and COO of the New York Building Congress, told attendees, quoting from the group's latest analysis. The city's 105 institutions of higher learning invested a total of about $4.2 billion in construction starts from 2008 through 2013, representing about 5% of all public and private construction starts throughout the city.