The New York Times, Thursday, January 16, 2020 Zj1
C M Y K Axxx,2020-01-16,ZJ,001,Bs-4C,E1 THE NEW YORK TIMES, THURSDAY, JANUARY 16, 2020 ZJ1 PAID FOR AND POSTED BY PARTICIPATING ADVERTISERS THE REAL ESTATE BOARD OF NEW YORK Photo: Shutterstock Photo: C M Y K Axxx,2020-01-16,ZJ,002,Bs-4C,E1 ZJ2 THE NEW YORK TIMES, THURSDAY, JANUARY 16, 2020 PAID FOR AND POSTED BY PARTICIPATING ADVERTISERS NEW YORK CITY’S COMMERCIAL REAL ESTATE MARKET Photo: Shutterstock Photo: As top owners, developers, brokers and major city officials gather for the Real Estate Board of New York’s (REBNY) 124th Annual Banquet at the New York Hilton, the industry is gratified by its performance in 2019 and looking forward to a strong market in 2020. “Despite a challenging political climate, the real estate indus - try is optimistic about the short-term outlook across the five Affordable Housing Crisis in New York boroughs: Important industries and our population continue to grow and the economic outlook is strong,” said James Whelan, Undoubtedly, New York City has an affordable housing crisis, driven president, Real Estate Board of New York. “We look forward to in large part by a severe shortage of available units, noted Whalen. working with policymakers in 2020 and beyond to create smart, “To solve it, we must focus on those individuals and families who data-driven policies that will create housing and promote eco - need assistance paying the rent and create new units for a range nomic growth.” of incomes to establish a robust housing market that offers enough Whelan was named president of REBNY, effective July 1, 2019, choices to renters,” he urged.
[Show full text]