With roughly 8.4 million residents, New York City is easily the largest city in U.S. But in terms of land area, it’s only the 24th largest city (defined by the city limits) in the U.S. and internationally, NYC doesn’t even make the top 250 largest. NYC has a population density of 27,578 people per square mile. In comparison, Tokyo has a density of 15,604 people per square mile and London is at 13,525!

Guess what, the scarcity of land will only help real estate values going forward.