New York City Real Estate Expo Cast Bright Future Over The City

The NYC Apartment for rent Expo forecast a bright future for real estate and leasing in 2016, with expo panelist, David Greene, president of brokerage services at MHP Real Estate Services, describing market leasing performance as “relentless.” The expo also included a number of analysts and brokers who discussed if the current upswing in the real estate market would continue into 2016.

Ken McCarthy, senior managing director at Cushman & Wakefield, also noted positive changes in the financial services sector. As outlined in the article published by Real Deal he explained financial services in the city are regaining momentum, which is significant. Financial services account for 11% of the New York City workforce. The Soho District was also mentioned as an area of financial growth. Analysts predicted growth, advanced leasing opportunities and real estate sales will continue throughout the first six months of 2016 at least.

The panelists reported any obstacles to growth were related to interest rates and the Federal Reserve. They noted some of that would change, possibly by December, and also described the New York real estate market as not a market of interest to local state and U.S. citizens. It also holds great interest and viability to foreign investors.

This is good news for consumers seeking the home of their dreams, and for real estate companies, such as Town Residential, who lease and sell some of the best homes in New York City. No matter where residents are seeking homes and apartments, or what their neighborhood of choice, Town Residential have listings that range from opulent and luxurious, to those seeking affordable choices. The company offers some of the most unique lofts in the city, with leases in areas such as the financial district, Manhattan, Soho, Greenwich Village, and many others.

Town Residential also offers a number of other fantastic choices, including Fifth Avenue, or 280 St. Marks. St. Mark’s includes townhomes, and penthouses, and Circa offers magical panoramic views of Central Park. Other Town Residential real estate leases include full floor residences, and triplex penthouses. They also offer some of the best agents in the business, with specialized knowledge of New York City and its many unique qualities. Trusted agents can locate consumers the perfect home. Whether individuals are seeking comfort, luxury, or specialized amenities, such as homes with office spaces, inside pools, saunas, or simply a roaring fireplace for cold winter nights, Town Residential have the perfect home.