The time to invest in New York City

New York City has been through and has been at the heart of multiple shocks over the past 30 years — and it has come back every time. We lived through the explosion of the dot-com bubble in 2000 and were attacked directly by terrorists in 2001. We were at the heart of the global financial crisis in 2008–2009, and Manhattan’s Financial District was under four feet of water during Hurricane Sandy in 2012.

With each shock over the past three decades, New York City has grown and its business base has diversified, allowing it to recover from each crisis faster. When New York hit a recession in the late 1980s/early 1990s, it took nine years for the economy to reach prior employment levels. After the terrorist attacks of Sept. 11, 2001, it took six years to get to that point. Following the global financial crisis — a crisis that centered around the major banks that formerly dominated NYC’s economy — it only took three years for New York to recover prior employment levels