New York City’s major real estate dealmakers are bracing for a knock-down, drag-out battle should socialist Zohran Mamdani become the next mayor – and expressed confidence they will be the ones left standing, The Post has learned.
The two diametrically opposed forces are set to clash after Mamdani – who has espoused a radical, anti-business agenda – handily defeated Andrew Cuomo in the Democratic mayoral primary to become the front-runner in November’s election.
Manhattan’s powerful commercial real estate industry, meanwhile, has shaken off the COVID maelstrom and is enjoying its best time in at least eight years, according to the latest report from CoStar, the authoritative platform for commercial real estate data and analysis.
Zohran Mamdani, who defeated Andrew Cuomo in last month’s Democratic mayoral primary, is the front-runner in November’s election. Derek French/Shutterstock
“The business community had similar doubts when Bill de Blasio took office, yet CoStar data shows