| Outcome | Probability | Yes Bid | Yes Ask | 24h Change | Volume | |
|---|---|---|---|---|---|---|
| Before May 1, 2026 | 0% | 0¢ | 0¢ | — | $0 | Trade → |
This market tracks whether members of 32BJ SEIU, which represents thousands of residential building service workers in New York City, will initiate a strike before the month of May. A strike in this sector would significantly impact daily operations for thousands of residential properties across the city.
32BJ SEIU is one of the most powerful building service unions in the United States, known for its ability to mobilize large workforces. Negotiations for the Residential Apartment House Industry Agreement are high-stakes events that historically serve as a bellwether for labor relations in the NYC real estate market. The union's leverage is derived from its critical role in maintaining building security, sanitation, and essential services for millions of residents.
The market sentiment reflects the collective expectation of whether labor negotiations will reach an impasse resulting in a work stoppage or if a new collective bargaining agreement will be ratified ahead of the deadline.
A strike is defined as a coordinated, organized work stoppage by members of 32BJ SEIU working in NYC residential buildings.
No, a strike authorization vote is a procedural step that empowers union leadership; an actual work stoppage must occur for the outcome to be triggered.
The negotiations typically take place between the 32BJ SEIU union representatives and the Realty Advisory Board on Labor Relations (RAB), which represents the building owners.
If a contract is finalized and ratified without any work stoppage occurring before May, the event will settle as a 'No'.
No, this market is strictly limited to 32BJ SEIU residential building workers located within New York City.