Michael Rudin, Co-CEO of Rudin Management, discusses the state of the New York real estate market and the importance of sustainable spaces. He highlights the strong multifamily housing market, the mixed performance of the condo market, and the varying conditions in the retail and commercial office sectors. Rudin also emphasizes the significance of sustainability and the challenges of implementing sustainable practices in the current financial climate. He shares how Rudin Management incorporates sustainability into their business strategy through technological and physical infrastructure upgrades. Additionally, Rudin discusses the future of real estate, emphasizing the need for continual innovation and collaboration between technology and the built environment.

Takeaways:
- The multifamily housing market in New York City is strong, with a shortage of housing and upward pressure on prices.
- The condo market is mixed, depending on location and age of the product.
- The retail sector in New York City is a mixed bag, with high-profile trades and acquisitions in certain areas.
- The commercial office sector is also mixed, with newer, highly amenitized buildings performing well.
- Implementing sustainable practices in the current financial climate is challenging, but necessary due to legislation and fines.
- Rudin Management incorporates sustainability through technological and physical infrastructure upgrades.
- The future of real estate requires continual innovation and collaboration between technology and the built environment.