Sam Zell Sees Surge in Supply of NYC Real Estate

The video discusses the current state of the New York City real estate market, focusing on the high-end rental sector. It highlights the role of Equity Residential in the market, noting the surge in supply and its impact on pricing. The discussion covers rent levels, market adjustments, and investment strategies, emphasizing a focus on 24/7 cities and core markets on the coasts.

What strategy has the equity residential company adopted in the last few years?

What does the speaker suggest about the future of pricing in the luxury market?