New York City is the capital of the world, an epicenter of global business, tourism, commerce, fashion and culture. It´s the most populous city in the United States, the second wealthiest city in the world, and is home to more Fortune 500 companies than any other city.
It provides consistently higher returns than other types of investments, is less volatile and has a low level of correlation with public markets. The return of Manhattan’s prime commercial real estate is 60% less volatile than the return of the US Stock Market (S&P and Dow Jones).
It is a resilient asset, so in times of economic downturn the drop of its price is smaller than other assets, and the recovery is much faster. In the financial crisis of 2008, NY’s prime commercial real estate dropped 20% less than the US Stock Market and recovered 35% times faster.
Since 2000, Manhattan’s commercial real estate has consistently beaten the U.S. Stock Market and the U.S. NAREIT index.
Co CEO, Korman Communities; President, AKA
Korman Communities is a fully integrated real estate company, while AKA is one of the world’s most trusted extended-stay lodging firms.
S. Lawrence Davis
President & CEO at Shorewood Real Estate Group LLC
Shorewood Real Estate Group is a multi-strategy real estate investment platform that specializes in the acquisition, financing and development of institutional quality assets.
Owner, Meyer Davis Studio Inc.
Meyer Davis is a globally recognized New York City-based design boutique specializing in residential, hospitality, retail, and workplace environments.
Founder, PSFK and PSFK Labs
Piers Fawkes is the founder and editor-in-chief of PSFK, a daily news site that provides a go-to source for new ideas and inspiration, and president of the company’s consulting arm, PSFK Labs.