Following the recent mayoral election won by Mamdani, the Manhattan luxury real estate market has unexpectedly surged, defying predictions of a downturn and mass exodus to Florida. Wealthy New Yorkers show renewed interest in both Manhattan and Miami Beach, with a reported 166% increase in inquiries from NYC residents towards Miami real estate. Meanwhile, Governor Hochul is re-evaluating her tax policies, appearing open to potential tax hikes on the wealthy, which has sparked concerns about a possible tax exodus. Despite ongoing threats from affluent New Yorkers to relocate, market data indicates they continue to invest in NYC real estate.