Manhattan's moment: why the borough is set to break through an 8-year property price ceiling

by Forbes Global Properties

New Yorkers are tough. Their economy is too. If history serves as any guide, Manhattan’s economy doesn’t just recover from times of crisis – it comes back roaring. Take the 2008 financial crash. Less than a decade later, unemployment hit a historic low. And two years after the 9/11 attacks, the city’s GDP had rebounded, growing to $500 billion in 2003.

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