With New York City undergoing a political transition, investors are weighing how fiscal policy, taxes and regulatory changes could affect real estate activity in the coming years. In an IREI interview, Danny Fishman, co-founder and CEO of GAIA Real Estate, a U.S. investment and asset management company based in Miami, addresses how policy uncertainty is influencing capital allocations, development feasibility and housing supply. He also discusses the role of institutional investors, the signals the market is watching most closely and how developers are adjusting strategies as conditions evolve.
How do you expect New York City’s current political transition to influence the real estate investment landscape over the next 12 to 24 months?
The uncertainty is causing many investors and developers to put their pencils down.
Right now, when people
