2024-05-05T00:51:49-04:00 https://archinect.com/news/article/80454814/storage-space-in-new-york-now-costs-more-than-a-typical-american-home Archinect 2013-08-27T15:03:00-04:00 >2019-11-07T14:41:22-05:00 <img src="https://archinect.gumlet.io/uploads/yu/yu52jkzitjcxnpwt.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>It&rsquo;s a cellar&rsquo;s market. New Yorkers are spending more than the price of the average American home &mdash; on storage units. Tribeca&rsquo;s 56 Leonard just sold a 200-square-foot unit for $300,000. That&rsquo;s $1,500 a square foot for a metal cage in the basement of the future luxury skyscraper.</p></em><br /><br /><p>Over at <em>The Atlantic Cities</em>, editor Emily Badger tried to put things in perspective and created <a href="http://www.theatlanticcities.com/housing/2013/08/storage-space-new-york-now-costs-more-your-entire-home/6669/" rel="nofollow" target="_blank">this helpful little chart</a> of median home prices in a few U.S. metropolitan areas (find a screenshot of the interactive chart below).</p> <p>More on 56 Leonard Street in the Archinect News:</p> <ul><li><a href="http://archinect.com/news/article/59150916/work-to-begin-on-herzog-de-meuron-s-56-leonard-st-tower" rel="nofollow" target="_blank">Work to Begin on Herzog &amp; de Meuron's 56 Leonard St. Tower</a></li><li><a href="http://archinect.com/news/article/96700/herzog-de-meuron-skyscraper-up-for-auction-on-ebay" rel="nofollow" target="_blank">Herzog &amp; de Meuron skyscraper up for auction on Ebay</a></li><li><a href="http://archinect.com/news/article/80158/showy-condos-by-h-dem-koolhaas-remake-nyc-skyline" rel="nofollow" target="_blank">Showy Condos by H&amp;deM, Koolhaas Remake NYC Skyline</a></li><li><a href="http://archinect.com/news/article/79916/56-leonard-by-herzog-de-meuron" rel="nofollow" target="_blank">56 Leonard by Herzog &amp; de Meuron</a></li></ul>