Markets & Economy

Zeckendorf forecasts strong demand for 2016

Brad Inman sat down with Will Zeckendorf of Zeckendorf Development to discuss current and past market trends
  • The market doesn't "feel like a downturn," said the broker/developer of the New York City economy.
  • Most of the U.S. housing market is domestic-driven, so the stock market might cause hesitation.
  • Running both a brokerage and development company requires unique listening skills.
  • The increase in signed contracts indicates the market is reviving.

Will Zeckendorf As a third-generation real estate mogul, Will Zeckendorf knows the ins and outs of one of the most dynamic real estate markets in the nation -- if not the world. He sat down with publisher Brad Inman at the inaugural Global Connect event in New York to share his views on the city's market with attendees. A family affair Will’s grandfather, William Zeckendorf, Sr., and father, William Zeckendorf, Jr., were also in the New York real estate business. Will had a close relationship with his grandfather, who built Roosevelt Field shopping center on Long Island before his passing. “He took me up to Park West Village just as he was finishing Park West Village -- he was a great grandfather,” said Zeckendorf. Growing up surrounded in real estate and development might have spurred Will’s passion for the Manhattan market. Is the NYC market in trouble? With a special focus on high-end sales and development, a space facing continuous price dips over the the ...