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Luxury Real Estate Spotlight Series: Executive Summary

cozy living room with luxury furniture in country house

All residential homes of the wealthy matter.

The wealthy often have multiple homes and business interests in multiple locations. If only for days or weeks in a given year, any residential footprint — whether in a primary residence or a secondary (or additional) home — represents an opportunity for organizations that prospect for, and engage with, the wealthy.

New York is the pre-eminent global city of the wealthy.

New York has a total ultra-high net worth (UHNW) footprint approaching 25,000 individuals — counting both UHNW individuals’ primary residence and their additional secondary homes. The city’s rank reflects its status as a global center for finance and commerce, and its rich blend of culture, luxury lifestyle and shopping opportunities, high quality education and prime real estate.

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