NEW YORK CITY-Most New York City commercial real estate executives say they're not confident that Mayor-elect Bill de Blasio will support the interests of the city's commercial property owners, according to a new survey by accounting firm Marks Paneth.
By contrast, the vast majority of commercial property executives—76%—gave Mayor Michael Bloomberg high marks for his support of commercial property owners' interests in a similar survey conducted at the end of 2012.
In the most recent survey (November 2013), only 7% of local commercial real estate executives say they're "very confident" that de Blasio will strongly support the interests of the city's commercial property owners. On the other hand, 21% say they're “not at all confident” and 35% say they're “not too confident.”
The findings come from the Marks Paneth's Gotham commercial real estate monitor, a periodic survey of 100-plus top commercial real estate professionals in the New York City market, including owners and managers, brokers, agents and attorneys and accountants specializing in the sector.
"The city's commercial property industry, based on the survey results, is clearly bracing for a mayoral administration far less friendly to real estate interests than the current one. Of course, the jury won't be in on actual policy for quite awhile," says William Jennings, partner-in-charge of the real estate group at Marks Paneth.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
