Mamdani's Rent Freeze and the Business Exodus: A False Narrative?
New York City's business leaders are up in arms about Mayor Zohran Mamdani's rent freeze plan, warning that companies will flee the city if the policy is implemented.
However, a closer look reveals a different story – one of investment and expansion, not retreat. Airbnb has just purchased a six storey building at 281 Park Avenue South in Manhattan's Gramercy neighbourhood for $81.