Why Invest in the New York Metro Area?
Home to Wall Street, the New York Stock Exchange and the most Fortune 500 companies per capita, New York City is a leading global economic center. Accordingly, the New York Metro commercial real estate landscape is one of the strongest and most diverse real estate markets in the world.
We believe the New York Metro area has historically provided and will continue to provide compelling real estate investment opportunities. Positive population, tourism and employment growth fundamentals in the New York Metro area are some of the components supporting a robust real estate market. Furthermore, with an estimated $30 billion in public and private investment in transportation infrastructure planned in the New York Metro area by 2019, we believe this may provide greater access to underutilized, undeveloped areas of the city and generate increased demand for office and residential space.2 RXR Realty’s strong regional investment expertise and long-standing local relationships may provide NorthStar/RXR a competitive advantage in sourcing and executing a variety of real estate transactions.
New York Metropolitan Facts & Figures
1) U.S. Census Bureau, 2015 estimate. 2) City of New York, Commitment Plan. 3) Colliers International Manhattan Office Market Report Q4 2016. 4) www.ceo.com, States with Most Fortune 500 Companies, September, 2013. 5) NYC & Company, January 2017.