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Ep 10. Real Estate Redo

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Manage episode 313479863 series 3272745
Content provided by Steve Kastenbaum. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Kastenbaum or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Real Estate is king in New York. The city has been growing non-stop ever since the Dutch arrived in 1609. In 2019, real estate generated $31.9 billion in tax revenue for the city. That’s 53% of New York’s total tax revenue. The stable source of revenue provided the foundation for a myriad of public services, making New York an attractive and desirable place to live. But when the Covid pandemic hit and office towers emptied out, it put the future of real estate in question. The issue was compounded when the residential vacancy rate hit a record high. The real estate sector is pivoting to meet the changing needs of the city's commercial and residential tenants, and an evolving landscape.

  continue reading

15 episodes

Artwork
iconShare
 
Manage episode 313479863 series 3272745
Content provided by Steve Kastenbaum. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Kastenbaum or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Real Estate is king in New York. The city has been growing non-stop ever since the Dutch arrived in 1609. In 2019, real estate generated $31.9 billion in tax revenue for the city. That’s 53% of New York’s total tax revenue. The stable source of revenue provided the foundation for a myriad of public services, making New York an attractive and desirable place to live. But when the Covid pandemic hit and office towers emptied out, it put the future of real estate in question. The issue was compounded when the residential vacancy rate hit a record high. The real estate sector is pivoting to meet the changing needs of the city's commercial and residential tenants, and an evolving landscape.

  continue reading

15 episodes

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