In a time when global markets are riding waves of economic volatility—from inflationary pressures to unexpected trade tariffs—one asset class continues to stand strong: ultraluxury real estate.
At Duke Properties, we’ve long understood that brick-and-mortar investments offer more than just financial return—they offer security, legacy, and peace of mind. And nowhere is that more evident than in New York City, where demand for homes priced at $10 million and up is not only holding steady—it’s surging.
Luxury Anchors: High Net Worth Buyers Seek Certainty in a Tangible Investment
For today’s ultra-wealthy buyers, real estate is no longer just a luxury—it’s a strategic haven. As recent reports highlight, individuals like tech entrepreneur Dan Herbatschek are not merely investing—they’re diversifying, hedging, and choosing to place capital in assets that stand the test of time.
With equities showing volatility and inflation eroding purchasing power, real estate—especially in proven markets like Manhattan—offers something rare: a sense of control in an uncontrollable world.
NYC’s Luxury Resilience: More Than a Trend
The surge in luxury sales across New York, Miami, and Aspen underscores a simple truth: prime real estate continues to outperform expectations when it comes to long-term value. In Manhattan, we’re seeing consistent movement in the $10M+ range, with savvy buyers opting for turnkey condominiums that provide security, convenience, and prestige.
These buyers aren’t speculators—they’re long-term thinkers. They understand the cyclical nature of markets and know that New York’s value is evergreen, especially in landmark neighborhoods like Central Park West, Tribeca, and the Upper East Side.
The Duke Properties Perspective
At Duke Properties, we see the confidence among our ultraluxury clientele not as surprising—but as a reaffirmation of real estate’s enduring appeal. Whether it’s a family investing in a forever home, or a global citizen seeking a pied-à-terre with cultural relevance and privacy, luxury real estate provides something that markets can’t quantify: emotional security.
Our team works closely with buyers to identify not just properties, but lifestyle matches—places that offer elevated living, architectural excellence, and exceptional service.
A Smart Investment—and a Meaningful One
Beyond stability and return, today’s high-end buyers are also seeking quality of life. They’re choosing homes with wellness amenities, outdoor space, and concierge-level services. In many cases, they are purchasing not just for themselves, but for future generations—with a clear eye on legacy and stewardship.
From our vantage point, luxury buyers are redefining the market narrative. In a climate of economic noise, they’re sending a clear message: real estate remains the cornerstone of wealth preservation and generational value.