New York Mayor-elect Zohran Mamdani's views have sparked fears that there will be an exodus of companies and capital from the city. But two of the city's top commercial real estate executives say it's simply not true, based on leasing activity and new building investments being made, with no pullback in plans ever since it became clear Mamdani would win, and through the democratic socialist's official election.
"New York City is back," said Scott Rechler, CEO of RXR, at CNBC's Delivering Alpha conference in New York on Thursday. "The people who work here, live here, they feel the energy, they have the conviction, and they have every right," he said.
"In our business right now, we are seeing CEO after CEO committing to the city," Rechler said. "We're seeing a record level of leasing in

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