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Fortune

Sasha Rogelberg

‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida

Manhattan Zohran Mamdani Luxury Jonathan Miller Florida New York Fortune

Zohran Mamdani, in front of a brick building, smiles as he holds a press conference. (Credit: Lev Radin—Pacific Press/LightRocket/Getty Images)

Escape From New York isn’t just the title of a 1981 pulp classic starring Kurt Russell. It’s what Westchester County and Florida realtors told the world (including Fortune) about what would happen if Gotham elected a socialist mayor. But it’s time for a sequel with a different title.

In the aftermath of much well-heeled panic about a potential mass exodus of New York millionaires and billionaires following the election of Zohran Mamdani, the contrary is already happening, and Manhattan luxury apartment buyers are voting with their wallets.

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