Why the world’s tallest buildings aren’t being built in America anymore.
Just one U.S. building cracks the world's top 10 – One World Trade Center. Its height of 1,776 feet, symbolic of the year the Declaration of Independence was signed, places it sixth among the world's tallest. It doesn't appear to be a case of American decline. Many of the innovative techniques and talents raising skyscrapers to new heights come from America. It may be more a case of rising construction costs, elaborate building codes and changes in corporate priorities.
Developers often turn to a variety of sources such as investors, investment banks and future building tenants, according to towerinfo.com. Many developers in China, by comparison, are owned by or have connections to the state, making funding less of a problem.New York began restricting tall building construction in 1916, a year after the 538-foot Equitable Building went up at 120 Broadway.
Building restrictions aren’t as tight in many foreign countries – some seeking the prestige that tall buildings confer.The Federal Aviation Administration sets a building height of 2,000 feet in most U.S. cities to make commercial flights safer. The height is closer to 1,000 feet near airports.America’s tallest buildings used to be reserved for office space.
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