2025 Year in Review: John Horowitz, Marcus & Millichap

What accomplishment, milestone, project or transaction stood out for you or your firm in 2025? 

I’m particularly proud of my team’s success in bringing on so many new agents this year. They worked incredibly hard to recruit the best of the best, and those agents are now receiving the training and mentorship needed to thrive. This level of hiring underscores a simple truth: no matter the market environment, New York City remains a destination market. If you want to succeed in real estate, there is no better place. I look forward to watching these agents grow and succeed in the years ahead.

What emerging trends or shifts will shape opportunities for you, your firm, or market sector in 2026? 

The 2026 real estate market — more than in any recent year — will be shaped by the political environment. Events already in motion, such as the potential passage of COPA, could have a significant impact on the industry. And, of course, we will all be watching to see what a Mamdani mayoralty brings. The outcomes could vary widely, and in many ways, we may simply be along for the ride.