CRE execs nervous about de Blasio administration: survey

New York /
Dec.December 18, 2013 08:36 AM

The city’s commercial real estate players are feeling jittery about the new administration, with most saying that Mayor-elect Bill de Blasio will be bad for business, according to a new survey by accounting firm Marks Paneth & Shron.

Only seven percent of New York City commercial real estate executives said they were “very confident” in de Blasio’s support of the commercial real estate industry, according to the survey, released Tuesday. Only 28 percent responded that they were “somewhat confident” in de Blasio, while 21 percent said they were “not at all confident” and 35 percent said they are “not too confident.”

In contrast, 76 percent of executives surveyed last year expressed confidence in Mayor Michael Bloomberg’s support of the industry, according to a report from Law360.

“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,” William Jennings, who leads the real estate group at Marks Paneth & Shron, said in a statement to Law360.

Many major developers have said, however, that de Blasio’s track record in City Council suggests that he is more pro-development than he seems at first blush, as The Real Deal reported. [Law360] —  Hiten Samtani


Related Articles

arrow_forward_ios
Elle International's Constance Benqué (Getty Images, iStock)
Elle, luxury brands enter hotel market
Elle, luxury brands enter hotel market
“The New Kings of New York” rockets to top of Amazon charts
“The New Kings of New York” rockets to top of Amazon charts
“The New Kings of New York” rockets to top of Amazon charts
Gopuff co-CEO Rafael Ilishayev (Gopuff, iStock)
Gopuff scaling back warehouse footprint amid rapid-delivery slowdown
Gopuff scaling back warehouse footprint amid rapid-delivery slowdown
Incoming WeWork CFO Andre Fernandez (WeWork, iStock)
WeWork names new CFO
WeWork names new CFO
Brian R. Steinwurtzel and 100 Pearl Street (GFP Real Estate, LoopNet, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Squash club starting a racket at 100 Pearl Street office tower
Squash club starting a racket at 100 Pearl Street office tower
Upflex co-founders Christophe Garnier and Ginger Dhaliwal (Upflex, LinkedIn/Ginger Dhaliwal, iStock)
Upflex raises $30M, signaling rise of flex-office aggregators
Upflex raises $30M, signaling rise of flex-office aggregators
Vorea Principal's Peter Papamichael with 10-04 Borden Ave (Vorea Group, iStock)
Skydiver lands first NYC location in Long Island City
Skydiver lands first NYC location in Long Island City
Two Trees Management's Jed Walentas and 50 West 23rd Street (Walentas/via Marc Skrivo, Google Maps, iStock)
Trustpilot takes 34k sf at Two Trees’ Midtown South building
Trustpilot takes 34k sf at Two Trees’ Midtown South building
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...