Serhant on NY Real Estate, New Season of "Owning Manhattan"
NegativeFinancial Markets

- Ryan Serhant, CEO of SERHANT, highlighted a significant imbalance in New York City's rental market, stating that the supply of rentals is insufficient to meet the growing demand. During an interview on 'The Close,' he attributed the high rental prices not to market dynamics but to policy decisions affecting the real estate landscape.
- This situation is critical for SERHANT as it underscores the challenges the company faces in navigating a market where affordability is increasingly out of reach for many residents. Serhant's insights reflect broader concerns about housing accessibility in urban environments.
- The discussion around rental prices and supply in New York City ties into ongoing debates about housing affordability and economic development. The emphasis on affordability by city officials, as noted by Andrew Kimball, indicates a recognition of the issue's importance to voters and the need for policy changes to address these challenges.
— via World Pulse Now AI Editorial System







