Real estate and business ventures are both booming in New York at mid-year in 2017. It is currently an off year for major political seats, the economy is holding its own, and there are currently no major upheavals brewing that could cause major conflicts either a home or abroad. Markets seem stable and the world seems to be edging closer to peaceful resolution to cjronic conflicts.Commercial and residential? property values are holding their own. Things are bordering on dull (knock on wood), but dull just might be a good place to be right now!
New York currently has a thriving real estate market featuring a full complement of residential and commercial
properties available for sale or lease. Office space is abundant and most types of property are good investments. Properties that feature both office space suitable for conducting traditional business in a professional setting combined with a comfortable living space/loft arrangement are common configurations seen as older buildings are adapted for new uses and new users. As working from “home” is becoming more accepted for a number of reasons, this dual-use approach is becoming quite practical within the traditional business districts.
The impact on New York business of prosperity in the New York real estate market is that additional capital is placed into circulation and freed up to reinvest. With money flowing freely in both the real estate markets and within the business sector the ways are being paved for future synergy between the two markets and other sectors of the New York financial arena. This prosperity will trickle down through the rest of the American economy for the good of the Nation’s financial health.
Watching the New York Real Estate market and how it responds to growth in the New York business world will provide an interesting view as America moves into 2018. With the political climate only seeing mid-term elections in 2018, there will be little chance of experiencing a dynamic shake-up on either front – real estate or business if things continue as they are going currently.