New York and Relocation Trends w/ Esther Reizes-Lowenbein

New York and Relocation Trends w/ Esther Reizes-Lowenbein

One silver lining from the COVID pandemic is that both families and companies were forced to explore new ways to innovate and become far more efficient than they have in the past. Unimportant meetings became the emails they should have been in the first place. Commutes went away for most of the US. Eventually, after a couple quarters of this, companies all over the country last year were taking a good long look at all the overhead that they were getting along just fine without, but was once deemed critical expenses.

My guest today examines the current migration of families and companies out of New York City. We discuss what’s behind it, what it looks like, and what’s ahead. Esther Reizes-Lowebein is a real estate expert in the New York area, but also operates in commercial investment real estate nationally.

Key Points:

How Esther got her start (0:32)

The joy and benefits of learning (2:57)

Who is moving out of New York City and where are they going? (4:36)

Changes in the office space sector (6:13)

Are there any COVID deals available? (7:25)

Changes Esther is seeing in the way new tenants are operating in their office spaces (10:11)

Will the shrinking demand for urban location bring city prices down or suburban prices up? (12:40)

Different people will have different needs moving out of densely populated areas(14:44)

Resources for folks looking to make changes and what to look for in your criteria (17:10)


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Passion is an understatement when it comes to Christopher Mills and his desire to help families and family owned businesses. Chris has over 15 years of real estate experience as an investor, and has experience as a loan originator, property manager, and an agent. At The Haney Company, Chris specializes in working with individuals and organizations who have or desire real estate holdings and helping them map out and achieve their financial goals. His real estate experience helps him address the complexities and opportunities unique to real estate investors. His specialties include alternative investments, 1031 Exchanges, and liquidity solutions. Working closely with members of The Haney Company, attorneys, and CPAs, his clients are able to benefit from a comprehensive approach to each individual situation. Chris is the author of Legacy 101: A Practical Guide. He lives in Northern Virginia with his wife and 3 children. In his free time, he enjoys gardening, hiking, cooking, and classical music.