Region
High-income OECD
Income group
High income
Most populous city
New York City

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Accessing Industrial Land Details
This index evaluates the security of legal rights countries offer to investors interested in leasing industrial land—whether or not foreign and domestic companies are treated differently and whether the land can be subleased, subdivided, mortgaged, or used as collateral.
QuestionAnswer
* Can a locally incorporated wholly foreign-owned company lease land from the government (e.g. public land)? Yes
* Does a locally incorporated wholly foreign-owned company need an approval from minister level government official or parliament to lease public land? Yes
* Are procedures for leasing public land the same for foreign and domestically owned companies? Yes
* Would a foreign-owned company be required to pay any other transaction costs over and above that paid by domestically owned companies? No
* What is the statutory maximum duration of a lease (in years) that a locally incorporated wholly foreign-owned company would be able to obtain? Unlimited
* Are locally incorporated wholly foreign-owned companies allowed to renew their leases? Yes
* Are locally incorporated wholly foreign-owned companies allowed to transfer their leases? Yes
* If Yes, can a locally incorporated wholly foreign-owned company transfer land to another foreign-owned, domestically incorporated company? Yes
* Can a locally incorporated wholly foreign-owned company sublease land from an existing lease holder? Yes
* Can a locally incorporated wholly foreign-owned company subdivide its lease? Yes
* Can a locally incorporated wholly foreign-owned company sublease its acquired land? Yes
* Can a locally incorporated wholly foreign-owned company use the leased land as collateral for the purchase of production equipment? Yes
* Can a locally incorporated wholly foreign-owned company mortgage the leased land? Yes
* Do your laws allow a locally incorporated wholly foreign-owned company to lease land of unlimited size? Yes
** Are foreign-owned companies legally required to do an environmental impact assessment as part of the process of leasing public land? Yes
** Are foreign-owned companies legally required to do a social impact assessment as part of the process of leasing public land? No
** Is there a fast-track option for lease registration that allows foreign-owned companies to pay a higher fee to have their registration of lease application processed faster than standard application processing? No
* Scored ** Bonus Question
This index evaluates the security of legal rights countries offer to investors interested in purchasing industrial land.
QuestionAnswer
* Do your laws allow a locally incorporated wholly foreign-owned company to buy land without entering into a partnership with a national? Yes
* Do your laws allow a locally incorporated wholly foreign-owned company to purchase land of unlimited size? Yes
* Can a locally incorporated wholly foreign-owned company sell the land once purchased? Yes
* Does a locally incorporated wholly foreign-owned company need permission to sell the land? No
* Can a locally incorporated wholly foreign-owned company sell the land to another foreign-owned, domestically-incorporated company? Yes
* Can a locally incorporated wholly foreign-owned company subdivide and sell part of the land? Yes
* Can a locally incorporated wholly foreign-owned company use the purchased land as collateral for the purchase of production equipment? Yes
* Can a locally incorporated wholly foreign-owned company mortgage the land? Yes
** Is there a fast-track option for land registration that allows locally incorporated wholly foreign-owned companies to pay a higher fee for having land registration applications processed faster than standard application processing? No
* Scored ** Bonus Question
This index evaluates the ease of access to land-related information through the countries’ land administration institutions and systems including land registries, cadastres, and land information systems.
QuestionAnswer
* Is there an investment promotion agency (IPA) which provides information about land plots available for interested foreign-owned companies? Yes
* Is this agency linked with other publicly provided land information (such as land registry or cadastre) to share data, coordinate and maintain accurate land information? No
* Is there a land registry with public information about registered land plots? Yes
* Does the registry have inventory of public lands? No
* Does the registry have inventory of private lands? ..
* Does the registry provide information about avaliable lands accessible remotely? No
* Does the registry provide information online for everyone? Yes
* Does the registry provide information on both the land plots and buildings/ Yes
* Does the law require all transactions be registered at the registry? Yes
* Is there a cadastre? No
* Does the cadastre provide information avaliable to everyone about land parcels? N/A
* Does the cadastre provide information about land parcels accessible remotely over the internet for specific interest parties? N/A
* Does the cadastre provide information remotely accessible over the internet? N/A
* Does the cadastre provide information about both the land plots and buildings? N/A
* Are the land registry and cadastre located together within the same single public agency? N/A
* Is the land registry and cadastre linked to share data and coordinated (using a unique ID number) to maintain accurate land information? N/A
* Does your country have a single searchable electronic database for all land related information also known as a land information system (LIS)? No
* Does your country have a single searchable electronic database for all land related spatial/geographic information (may) also be known as a geographic information system (GIS)? No
* Would you look in Land Registry for information if hired by GlobiCo? Yes
* Would you look in Cadastre for information if hired by GlobiCo? ..
* Scored ** Bonus Question
This index evaluates the availability of key land-related information through land administration institutions.
QuestionAnswer
* Is there publically avaliable information about annual lease payments? Yes
* Are principle laws or regulations about leasing land available online? Yes
* Is the following information about the land plot available to interested foreign-owned companies?
* information about the land contract (lease vs. ownership, number of years on the lease, etc.)? No
Source of information: N/A
* land plot size? Yes
Source of information: City Register / County Clerk Land Records
* appraisal of land value? Yes
Source of information: For new York City only, http://nycprop.nyc.gov/nycproperty/nynav/jsp/logonpage.jsp
* street address? Yes
Source of information: Real estate broker and land registry
* mailing address if different from the street address? Yes
Source of information: United States Postal Service
* immovable property on the land (a description of the buildings and physical structures on the land)? Yes
Source of information: Land Registry, Private Real Estate broker, Geographic Information Systems
* spatial information / land boundaries? Yes
Source of information: New York City Department of Finance; private surveying company
* geotechnical report/geographic location description? Yes
Source of information: EPA
* documentation about any environmental impact assessments completed? Yes
Source of information: ..
* zone classification? Yes
Source of information: New York City Department of City Planning
* tax classification? Yes
Source of information: New York City Department of Finance; new York State Office of Real Property Services
* information on surroundings (whether the land is near residential, commercial or industrial lands, etc.)? Yes
Source of information: New York City Department of City Planning
* carrying capacity of the land (maximum # of units allowed per plot)? Yes
Source of information: New York City Department of City Planning
* local population density Yes
Source of information: New York State Department of Health
* whether the land has utility connections? Yes
Source of information: Local Utility Provider
* encumbrances (liens or mortgages held against the land)? Yes
Source of information: City Register / County Clerk Land Records
* existing land claims (disputes held against the land)? Yes
Source of information: City Register / County Clerk Land Records / Federal bankruptcy Records
* legal jurisdiction to which the land belongs (e.g. which municipality, neighborhood or locality)? Yes
Source of information: City Register / County Clerk Land Records / Federal bankruptcy Records
* Scored ** Bonus Question
Time (days): the number of days needed to lease industrial land from a private holder.
QuestionAnswer
* Time to lease private land (in days): 44
* Details: Leasing industrial land from a private holder involves 5 procedures, including title due diligence, environmental due diligence and payment of transfer taxes at the New York City Tax Revenue Office. ...more No registration is required. ...less
* Scored ** Bonus Question
Time (days): the number of days needed to lease public land designated for industrial use from the government.
QuestionAnswer
* Time to lease public land (in days): 92
Details: Leasing industrial land from the Government is done by application to the New York City Economic Development Corporation (NYCEDC) and requires a New York State Environmental Quality Review to be perf ...moreormed. ...less
* Scored ** Bonus Question