Zohran Mamdani and the business exodus? New York's office real estate market is up under new mayor

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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 tax, real estate and wealth policies are pushing businesses away.

The debate was amplified last week amid reports that private equity giant Apollo Global Management

was planning to add a second headquarters outside New York City, in a southern U.S. state like Florida or Texas.