Bruce Mosler on Working with NYC Mayor-Elect Zohran Mamdani and Real Estate

Engaging with Mayor-Elect Mamdani

• 💡 Business leaders aim to work with and educate Zohran Mamdani, emphasizing that New York City's economy is driven by real estate and business.
• ⚠️ A primary concern for New Yorkers, cited as the top issue, is crime, highlighting the importance of an empowered police commissioner.
• 🗣️ Leaders are urged to approach Mamdani's tenure with caution and collaboration, rather than succumbing to fear, to see how his decisions unfold.

New York City's Unique Strengths

• 🏙️ NYC possesses the largest and most educated labor pool, offering unparalleled opportunities for business scaling that other cities, like Florida, cannot match.
• 🌍 It remains the financial and tech capital of the world, attracting businesses due to its unique advantages.
• 🔑 The city's ability to scale businesses is a key differentiator, making it the preferred location for many enterprises.

Real Estate and Housing Initiatives

• 📈 Office-to-residential conversions are a positive trend, with a significant amount of square footage already underway, aiming to accelerate affordable housing.
• 🏘️ Building affordable housing is crucial for retaining the workforce in New York City, especially with a low vacancy rate.
• 📊 Demand for commercial real estate is strong, exceeding the 10-year average and indicating a return to work, with high occupancy rates near transportation hubs.

Hiring Veterans

• 🎖️ Cushman & Wakefield has been recognized as a top 10 military employer for four consecutive years.
• 🤝 Hiring veterans is critical because they possess strong collaboration and innovation skills, honed in diverse and high-pressure environments.
• 💰 Veterans are hired to improve business performance, not for charitable reasons, due to their leadership qualities and ability to perform under pressure.