Quote:
Originally Posted by Guiltyspark
London isn't. In 1991 London's population was a little less than 7 million. Now it is a little more than 8 million. In 1900, NYC's population was a little more than 7 million. Now it is a little more than 8 million.
Hong Kong's population grew slightly more from 5.5 million in the early 90s to about 7 million today.
Really all three of these cities have comperable growth rates and comperable populations and each strongly represent the ecconomies of the contienents they are a part of, which is likely why they were chosen.
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That's fuzzy, however, when you take into account that a large number of people who move out of London remain within the greater area and simply commute to work in the city.
In the last decade, immigration to NYC was over 1 million, but out migration was 800,000 (the vast majority to the Southeast and West Coast), leaving a net increase of 200,000.
I'd hazard a guess that London (and it's total catchment of labor) has increased significantly faster than NYC, which would go a lot farther in explaining the uptick in construction of both residential and office developments.