US EditionTop Real Estate CEOs: NYC Exodus Claims Exaggerated, Office Leasing Booms Despite Mamdani Victory
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Will the rich leave New York City after Mamdani takes office? Experts weigh in
Stephanie Keith/Getty Images (NEW YORK) — New York City Mayor-elect Zohran Mamdani, a democratic socialist who says he wants to hike taxes on the rich, set off alarm among some critics about a potential exodus of wealthy people bent on keeping their money out of government coffers. As the warning goes, a tax increase at the top could drive away affluent New Yorkers and undercut revenue meant to fund proposals like universal child care, free city…
The CEOs of two major New York real estate companies have rejected claims by Republican politicians led by President Donald Trump that the wealthy are leaving the city en masse, along with capital, due to the election of democratic socialist Zohran Mamdani as mayor.
Top Real Estate CEOs: NYC Exodus Claims Exaggerated, Office Leasing Booms Despite Mamdani Victory
NEW YORK — Fears that companies would flee New York City following the election of Mayor-elect Zohran Mamdani appear overblown, according to two of the city’s leading commercial real estate executives. Scott Rechler, CEO of RXR Realty, and Bill Rudin, co-executive chairman of Rudin Management, told CNBC’s Delivering Alpha conference on Thursday that leasing activity […]
Will the rich leave New York City after Mamdani takes office? Experts weigh in - The Pulse of NH
Stephanie Keith/Getty Images(NEW YORK) -- New York City Mayor-elect Zohran Mamdani, a democratic socialist who says he wants to hike taxes on the rich, set off alarm among some critics about a potential exodus of wealthy people bent on keeping their mo...
The CEOs of two major New York real estate companies have rejected claims by Republican politicians led by President Donald Trump that the wealthy are leaving the city en masse, along with capital, following the election of democratic socialist Zohran Mamdani as mayor.
No one leaving New York City because of Mamdani, say two top real estate CEOs
Scott Rechler, RXR Chairman and CEO, and Bill Rudin, Rudin Management Co-Chairman, speaking at CNBC’s Delivering Alpha event in New York on Nov. 13th, 2025. Adam Jeffery | CNBC New York Mayor-elect Zohran Mamdani’s views have sparked fears that there will be an exodus of companies and capital from the city. But two of the city’s top commercial real estate executives say it’s simply not true, based on leasing activity and new building investment…
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