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0 0 0.000711743772241978 -0.00213523131672593 -0.00284697508896791 -0.00996441281138781 -0.0111601423487544 -0.0113879003558719
Stock impact report

How Will A Mamdani Administration Impact NYC Commercial Real Estate? [Forbes]

Empire State Realty Trust, Inc. Class A (ESRT) 
Last empire state realty trust, inc. class a earnings: 4/22 05:06 pm Check Earnings Report
US:NYSE Investor Relations: investors.empirestaterealtytrust.com
Company Research Source: Forbes
While market fundamentals remain strong—as evidenced by new development and office-to-residential conversions, the rebound of Class A office leasing and values and a strong free-market multifamily sector—the regulatory picture is in flux. Specifically, the incoming mayor made a four-year rent freeze on rent stabilized apartments his signature campaign promise. Enduring Impact: Mayor Adams' Initiatives Reshape Housing Development Landscape Long after he leaves office, Mayor Eric Adams' policies will have a lasting impact on the development sector in New York City. Like Mamdani, Adams recognized the housing affordability crisis, but his administration operated under the core belief that it was primarily a problem of insufficient supply. Consequently, Adams introduced wide-ranging initiatives to encourage the private sector to build more housing. In December 2024, the Adams administration pushed through the City of Yes for Housing Opportunity, a sweeping citywide rezoning initiati Show less Read more
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