We co-hosted a webinar with REBNY featuring James Nelson from Avison Young, as well as Aviva Fink and Omar Eltorai of Reonomy, where we discussed investor sentiments in the New York Market, and how to leverage technology to increase market understanding and fuel predictive analytics.
Here’s the TLDR in case you can’t watch the whole recording:
- Despite the recent slowdown seen in the second half of 2019– ample liquidity, low financing costs, and strong local labor market help to mitigate concerns of the NYC property market going into 2020.
- The 2019 rent regulations clearly hurt the investment thesis for multifamily, as transaction volume and count dropped precipitously in 2H2019. Repercussions from the regulations are likely to persist into 2020.