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Under Mayor Zohran Mamdani, Manhattan office real estate market is up

Reports Apollo Global Management is planning a second HQ in the US South renewed debate over a business exodus under NYC Mayor Mamdani. Data doesn’t support it.

Fears of a corporate exodus from New York City are likely to be a recurring feature of New York City Mayor Zohran Mamdani’s term, with each business real estate decision magnified as a potential tipping point signal that the Democratic Socialist’s ta… [6429 chars]

Source: CNBC | Published: 2026-04-05T15:31:55Z

Credit: CNBC

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