As with last year's numbers, the outer boroughs rack up some impressive volume stats, but Manhattan is still where the big money is. According to building permit data from August 2018 through this August, the city issued nearly 7,200 permits, a 20 percent gain over last year's survey. Nine out of 10 went for outer-borough jobs: two-thirds were for Brooklyn (2,659) and Queens (2,312), with Staten Island (920) and the Bronx (514) rounding out the field.
How about Manhattan? 756 permits went to the island, but the rest of the data tells the real story: Those permits cover 71 million square feet and $12.4 billion in work. You have to combine Brooklyn (54.7 million/$8.8 billion) and Queens (36.8 million/$5.7 billion) to beat that. Meanwhile, the Bronx (16 million/$2.4 billion) and Staten Island (6.6 million/$1 billion) take what they can get. Another perspective: Every square foot of work in Manhattan is worth $18 more than a square foot in the outer boroughs.