Why Everyone’s Still Betting on NYC: The Resilience of the World’s Most Expensive Market
New York City’s real estate market has long been a symbol of global economic power, cultural magnetism, and investment resilience. While headlines periodically predict downturns, migrations away from cities, or temporary slowdowns, the truth is that NYC remains one of the most robust real estate markets on the planet. From international investors to long‑term residents, the city continues to attract capital and ambition in ways few other markets can match.
A History of Reinvention
The narrative of New York City real estate is defined by reinvention. From the post‑war housing boom to the tech and finance influx of the 21st century, NYC has continually adjusted to economic trends and demographic shifts. Even during the COVID‑19 pandemic — when many residents temporarily left the city — the market didn’t collapse. Instead, it underwent a brief recalibration, followed by a strong rebound in demand when people began returning.
One reason for this resilience is New York’s status as a global hub — a crossroads of culture, finance, media, education, and international diplomacy. For many affluent buyers, owning property in NYC isn’t just about real estate — it’s about prestige, stability, and access to opportunity.
Demand From All Corners of the Globe
International buyers play a significant role in the NYC market. While global investment patterns fluctuate, New York has an enduring appeal. High‑net‑worth individuals from Europe, Asia, and the Middle East often view NYC properties as safe‑haven assets — portable, durable, and historically appreciating over time. These buyers look beyond short‑term market movements, instead thinking long term about value and legacy.
This is especially true in luxury segments. Prime areas like Manhattan’s Upper East Side, Tribeca, and Midtown continue to command premium prices, with luxury condos and historic townhouses being snapped up by buyers who see New York as both home and investment.
The Job Market Drives Housing Demand
Employment trends are deeply tied to real estate demand — and NYC boasts a strong and diversified job market. While finance and media are iconic anchors, tech and life sciences have surged in recent years, bringing high‑paid professionals to the city. Major corporations continue to expand offices in Manhattan and Brooklyn, while startups and creative companies thrive in neighborhoods that blend work and lifestyle.
This influx of talent fuels housing demand from young professionals, families, and relocators — all seeking proximity to dynamic career opportunities.
Neighborhood Transformations and Infrastructure Investments
Infrastructure projects and neighborhood revitalization efforts also bolster the market. Developments like Hudson Yards and the adaptive reuse of industrial zones (e.g., Brooklyn’s Navy Yard) signal long‑term investment in the city’s built environment. Transit improvements, public park expansions, and mixed‑use developments enhance livability — which boosts property values over time.
Why Investors Still Love NYC
Investors, both domestic and international, appreciate New York’s stability. While markets like Miami or Austin have seen rapid valuation growth, NYC’s real estate often acts as the core holding in a diversified portfolio. Rental income potential remains significant, especially as professionals return to urban centers and demand for multifamily housing strengthens.
Moreover, New York rents — even after pandemic adjustments — sit at a premium compared to many U.S. metros, offering attractive cash flow opportunities for property owners.
Challenges and Opportunity
No market is without challenges. High property taxes, complex regulations, and development costs make building and ownership expensive. But these barriers also limit oversupply — a factor that ultimately supports values.
In a world where economic cycles fluctuate, New York City’s real estate market continues to demonstrate remarkable resilience. The city’s cultural significance, employment magnetism, and global investment appeal create a foundation that few markets can replicate. For investors and residents alike, NYC’s property market remains a bet worth making.
Real Estate in 2025: The Rise of Data, Tech, and the Conscious Buyer
The real estate market in 2025 is not the same as it was even five years ago. While interest rates and inventory still drive headlines, the underlying forces shaping today’s market are more nuanced: data-driven tools, digital transactions, and a new kind of buyer — one who’s more informed, value-conscious, and socially aware.
Tech Is No Longer an Add-On — It’s Essential
Today’s real estate experience is digital-first. From AI-powered property recommendations to virtual tours and automated closing workflows, buyers and sellers expect a frictionless process powered by tech.
Real estate agents and brokerages that have embraced platforms like Matterport, Zillow 3D, and CRM-integrated mobile apps are seeing higher engagement and faster closings. Conversely, those still relying on outdated paper processes are losing ground.
And it’s not just about convenience. Predictive analytics now allow investors to assess neighborhood growth potential in real time. Tools that factor in job market data, school ratings, and demographic shifts offer a far more strategic approach to property investment.
The Conscious Consumer Is Changing the Game
Today’s buyers are not just looking for the best square footage per dollar — they’re asking deeper questions. What’s the property’s energy efficiency rating? Are there smart home features that reduce environmental impact? Is the building part of a walkable, bike-friendly community?
Sustainability has moved from niche to mainstream. Homes with solar panels, smart thermostats, and green certifications are not only attracting more attention — they’re commanding premium prices.
Buyers are also doing their homework. With property histories, neighborhood crime stats, and online reviews readily available, transparency is no longer optional. Realtors must be prepared to address everything from flood risk to zoning changes.
Inventory Crunch and Creative Solutions
Despite broader economic challenges, demand remains high — particularly in mid-size cities and affordable suburban areas. The limited inventory continues to push prices up, forcing buyers to act quickly and, in some cases, settle for less-than-ideal homes.
This pressure has given rise to new strategies:
- Build-to-rent communities are booming in the Sun Belt.
- ADUs (Accessory Dwelling Units) are being embraced in states like California and Oregon.
- Modular and prefab homes are gaining traction due to lower construction timelines and costs.
Buyers are becoming more flexible with location — prioritizing fiber internet, home office potential, and quality-of-life over proximity to traditional business hubs.
Real Estate Pros Must Evolve or Fall Behind
In today’s market, agents aren’t just negotiators — they’re advisors, tech guides, and content creators. The most successful professionals are leveraging social media, publishing market insights, and maintaining strong personal brands.
The bar has been raised. The expectation is clear: if you’re in real estate, you need to be as savvy online as you are offline.
NYC Real Estate in 2025: Adapting to a New Urban Reality
New York City’s real estate market has always been a beast of its own — fast-paced, unpredictable, and fiercely competitive. But as we enter the final stretch of 2025, it’s clear that the city’s real estate landscape has undergone a profound transformation. Whether you’re an investor, buyer, renter, or real estate professional, understanding this new urban reality is essential.
Post-Pandemic Shifts Are Here to Stay
The pandemic-era narrative — with residents fleeing to the suburbs and city rent prices dropping — has shifted once again. People are back. Office buildings are slowly regaining occupancy, cultural attractions are thriving, and the demand for residential and mixed-use properties is rising. However, some of the changes born during that era have remained.
Remote and hybrid work models have changed how people view space. Many NYC renters and buyers are now prioritizing in-unit offices, outdoor areas, and flexible layouts. Traditional studio apartments, once a staple of NYC affordability, are less attractive unless they offer creative work-from-home setups.
The Luxury Market Is Thriving (Again)
Despite fears of a long-term downturn, NYC’s luxury real estate market is performing surprisingly well. Manhattan penthouses, townhouses in Brooklyn, and full-service high-rises are seeing increased activity, especially from international buyers looking to anchor capital in a stable market.
Foreign investors, especially those from Europe, the Middle East, and parts of Asia, continue to view NYC as a safe-haven investment — even amid global uncertainty. And while interest rates remain a concern, cash deals are more common in the luxury tier, making this segment less rate-sensitive.
Renting Remains Competitive and Pricey
After a brief dip during the height of the pandemic, rental prices have not only rebounded — in many cases, they’ve surged past pre-2020 levels. The average rent for a one-bedroom in Manhattan now flirts with the $4,000 mark, depending on the neighborhood.
Rising rents are pushing many into long-term lease renewals, roommate setups, or expanding their search into Queens and the Bronx. But even there, prices are steadily rising, especially near transit hubs and revitalized commercial corridors.
Affordability Challenges and New Development
Affordability remains a pressing issue — and a political one. Mayor Eric Adams and city planners have continued pushing for rezoning and upzoning to increase the housing supply, particularly in areas like Gowanus, SoHo/NoHo, and along the Bronx waterfront.
However, developers face stiff opposition from community boards, rising construction costs, and lengthy approval processes. The result? A tension between the urgent need for affordable housing and the logistical barriers to creating it.
What’s Next for NYC Real Estate?
Looking ahead, the NYC market will continue to reflect its historic resilience — but success in this space now requires adaptability. Buyers, sellers, and agents must stay informed, nimble, and strategic.
Whether you’re investing in a multi-family building in Queens, buying your first condo in Harlem, or managing a portfolio of rentals in Brooklyn, one truth holds: NYC real estate will always be complex, but with complexity comes opportunity.
About Avraham Glattman
Avraham Glattman is the owner of First American Properties Group, a real estate business based in New York City, New York.
Avraham brings over 26 years of experience working as a real estate agent in the city, where he continues to work today. He graduated from Newport University with a Bachelor’s Degree in Business Administration and Management and remained at the university to attain his Masters of Business Administration (M.B.A.). After graduation, he jumped straight into the real estate field in 1992 in the greater New York City area. Throughout his career, Avraham has explored listings across the New York area, keeping a detailed account of the locations, pricing and comparable properties in the housing market.
After gaining a wealth of knowledge about the real estate marketing in New York, Avraham Glattman decided to take it a step further by creating First American Properties Group with his longtime business partner, Pete Jacov in 2008. First American Properties is a real estate and development company that services the five boroughs of New York. The company currently owns residential and commercial properties in Queens, Downtown Brooklyn, Harlem, and Manhattan. The company focuses on monitoring the growth and development in different areas of the city, so they can work to establish more patterns of growth and help revitalize the area.
While monitoring the different areas of New York City, Avraham Glattman consistently keeps an eye out on up-and-coming neighborhoods that he could potentially invest in. For example, after seeing Harlem, Avraham was immediately impressed by the neighborhood’s charm, leading him to invest in properties in the area. With a convenient location next to the subway and charming business like music venues in the area, it was not hard to see what attracted Avraham to the area.
Today, Avraham Glattman continues to find new investments with First American Properties Group, alongside his business partner, Pete Jacov. Together, they are working towards the goals that they set for First American Properties Group. The goals include acquiring property in the Harlem area to renovate and sell, as well as acquiring properties in all five boroughs.
Avraham Glattman is also the proud owner of 1927 Café Bar Popularr. Located in Harlem, the café serves a variety of open-faced Mediterranean sandwiches, called ‘Toastics’, and many types of coffee. Café Bar Popularr is proud of the rich artistic traditions of Harlem, and invites local musicians, authors, and comedians to visit and share their talents with friends.
Avraham was born and raised in Israel, where he went graduated high school. Not long after, he served in the Israeli army for three years, before he was sent to the United States to work with an Israeli newspaper in Brooklyn, NY. Not long after making the move to New York, Avraham met the woman that would become his wife in 1991. Together, they have three children.
In his spare time, Avraham Glattman enjoys spending his time with his wife and three children and loves to explore new parts of New York City. Avraham’s incredible dedication to both his work and family brings him immense happiness and purpose each day.
To learn more about who Avraham Glattman is, visit AvrahamGlattmanNewYork.com.
