Jacob Frydman Discusses the Surge in Demand for Office Condos in New York

Despite countless challengers for its crown, New York remains widely regarded as the greatest city on the planet. While its cultural, entertainment, and educational credentials are established beyond dispute, NYC is most often mentioned in relation to its business and commercial importance. Wall Street has become the heart and the symbol of the US financial sector, and many of the world’s biggest corporations are headquartered in the city. With leading financial, communications, technology, and media companies choosing NYC as their base of operation, real estate has logically emerged as a major driver of the local economy. According to the Department of Finance, the total market value of New York properties was about $1.072 trillion in fiscal 2017, or 10.6% higher compared to 2016. Recently, there has been a considerable increase in demand for office condominiums, especially in Manhattan, which is set to witness its highest influx of new office supply since the mid-1980s, comments New York-based property expert and consultant Jacob Frydman.

With 30-plus years of experience in the real estate sector, Jacob Frydman has come to be recognized as a leading expert in structuring, financing, and executing highly complex transactions. Keenly focused on value-added investments, he has a track record that includes financial participation or advisory work on more than $2 billion worth of property deals. The renowned professional shares his experience and insights as a speaker and guest lecturer, as well as a frequent commentator on CNBC, Bloomberg TV, Fox News, and other major television channels. Despite his numerous professional commitments, Jacob Frydman makes time for his humanitarian work, supporting multiple charitable organizations, among them the National Committee for Furtherance of Jewish Education (NCFJE), The Brem Foundation, and The Chabad of Duchess County.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman