New York City’s three-term mayor, Michael Bloomberg, who will be leaving his executive position of one of the U.S.’s most important cities early next year, is beloved by Big Apple brokers who say he created a booming real estate climate during his 12 years in office.
By rezoning areas of the city to generate more inventory, lowering crime and generally beautifying areas around the city, brokers say Mayor Bloomberg helped their businesses immensely. The average price of an apartment in the city has almost tripled to $825,000 during his tenure.
“I’m depressed at the thought that someone else will be mayor,” Shaun Osher, president of real estate brokerage CORE, told the New York Daily News. “I wish we could change term limits again.”
Source: New York Daily News