Development Boom Strengthens Commercial Real Estate Market
For developers, brokers, landlords, and construction companies, it’s a wonderful time to be in Westchester. And even though rents are edging up, residential and commercial tenants are pleased to benefit from new site options and amenities that make this county the place to be.
The Latest Luxury Rental Development Breaks Ground in White Plains
Saber Real Estate Advisors LLC, PCD Development LLC, and Circle Squared Alternative Investments broke ground on White Plains’ latest luxury rental development, The Duet. The $50 million development features two buildings located on Maple and Hale Avenues, and offers 127 units ranging from studio, one bedroom, and two bedrooms rentals, all with various layouts.
CBRE reports strong finish to 2019 for office leasing in Westchester
For the first time since 2015, office leasing in Westchester County recorded an increase on a year-over-year basis, according to the fourth quarter office leasing report from real estate services and investment firm CBRE. Total leasing activity for 2019 came in at 912,000 square feet, an increase of 3% from 2018. In the fourth quarter…
Westchester County Is New York’s New Frontier For Affordable Urban Lifestyles
Millennials and young families are returning to the suburbs. Rather than seek the bedroom communities of their parents, young people are drawn to the availability of affordable housing, mixed-use amenities and accessible transportation. Westchester, a New York county once known simply for an abundance of cheap land and good schools, has undergone a renaissance as the amenities that once drove younger residents to New York City come to the area.