New York Is Finding Real Estate Opportunities as a Secondary Market

Susanne Lieu is an attorney with many years of experience in corporate and real estate law. Currently working as managing director of Ruben Companies in New York City, she helps to manage more than five million square feet of retail, commercial, and residential property. Before joining Ruben Companies in 2001, she worked as an associate in the real estate department of Shearman & Sterling, LLP, where she helped lenders and investors with real estate transactions ranging from $18 million to more than $1 billion. As someone involved in the real estate market, Susanne Lieu pays attention to trends within the industry.

According to an article published in September 2014 by the SUNY College of Nanoscale Science and Engineering (CNSE), real estate industry experts agree that the current market is ideal for investing in secondary markets where property is cheaper and yields are higher. These secondary markets in the South and Northwest have received interest, and, just recently, upstate New York is finding urban reinvention.

One of the reasons for interest in New York is the increasing use of technology and high-tech industries, including green technology and health care. TechAmerica Foundation named Albany as one the fastest growing high-tech job markets in the country in its 2010 study. Furthermore, in 2013, Forbes named Buffalo, Rochester, Syracuse, and Albany as some of the best places for businesses and careers.

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