The real estate industry, and especially the commercial sector, remains the main driver of the New York City economy, according to data to be released on Monday by the Real Estate Board of New York. The trade organization reported that real estate-related tax revenue (RERT) increased to a record high $37 billion in 2024 and is on track to top $50 billion in the next fiscal year. STAY UP TO DATE WITH THE LATEST NEWS BY SUBSCRIBING TO MORNING…
