Article by Reuven Kahane
Reuven Kahane president RKRE DEVELOPMENT
Oct 25, 2024
According to Reuven Kahane, A Yankees-Dodgers World Series matchup can impact real estate markets in Los Angeles and New York, albeit usually in indirect and temporary ways. In the short term, demand for short-term rentals near Yankee Stadium and Dodger Stadium tends to spike, with property owners often increasing rental rates to accommodate visiting fans, media, and event staff. Hotels and vacation rentals may also see higher occupancy rates, which can extend to residential rentals near stadiums.
Moreover, a World Series according to Reuven Kahane featuring these two iconic teams tends to drive up local economic activity. This increase boosts interest in surrounding areas, as bars, restaurants, and other businesses experience higher foot traffic. Some landlords and property managers might adjust rental rates accordingly to capitalize on the event.
Beyond immediate financial effects, a Yankees-Dodgers World Series can contribute to a cultural allure that may affect local real estate long term. The significance of the rivalry and the prestige of hosting the World Series add value to the communities nearby, potentially attracting more buyers and investors in the aftermath. However, these effects are often most pronounced in the areas immediately surrounding the stadiums and tend to diminish as distance increases.
According to Reuven Kahane In essence, while the excitement and temporary demand spikes are beneficial, the long-term real estate effects of such an event are relatively limited unless part of a broader trend or redevelopment effort. #reuvenkahane #yankees #dodgers #amerikan #dystopian #novel #author #rkre #realestate #empirestatebuilding #worldseries