54 Bond Street NYC: Interest Rate Impact on Luxury Development
The Rising Tide of Interest Rates and Manhattan's Luxury Market Manhattan's luxury real estate market, particularly in prime locations like 54 Bond Street, is experiencing significant headwinds due to sharply rising interest rates. This isn't simply a matter of price fluctuations; it represents a fundamental shift in market dynamics impacting developers, investors, and potential buyers alike. The increased cost of financing construction and the reduced affordability of luxury properties are creating a complex and challenging environment....