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Zohran Mamdani and the business exodus? New York's office real estate market is up under new mayor

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Apollo Global Management is reportedly planning a second headquarters in the US South, reviving debate over a potential corporate exodus from New York under Mayor Mamdani. Available data cited in the report do not support a broad business exodus, suggesting any effects will be localized (real estate/talent) rather than market-moving.

Analysis

Apollo Global Management is reportedly planning a second headquarters in the US South, reviving debate over a potential corporate exodus from New York under Mayor Mamdani. Available data cited in the report do not support a broad business exodus, suggesting any effects will be localized (real estate/talent) rather than market-moving.

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