Economists Determine All of Manhattan's Land is Worth $1.4 Trillion

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Economists Jason Barr, Fred Smith, and Sayali Kulkarni of Rutgers University recently crunched the numbers for a paper titled What’s Manhattan Worth? A Land Values Index from 1950 to 2013 and came up with a staggering total.

By recording all the vacant sales and doing a little math, you can interpolate the value of all the land and conclude that in 2014 the island’s land was worth about $1.4 trillion — almost 10 percent of the annual income of the entire United States.

Check out the full paper for more insights into Manhattan land value.

via Vox

Matt Coneybeare

Matt Coneybeare

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Matt enjoys exploring the City's food scene with his Wife and the outdoors with their three dogs. He is an avid marathon runner, and spends most of his time working from a treadmill desk at home.

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