The Future of Westchester’s Commercial Real Estate Market
The word unprecedented has been used an unprecedented number of times recently, but it is the most accurate word we have to describe what has happened to our world. At some point in the foreseeable future, we will begin to move toward a new normal. What will that look like in Westchester’s real estate market?
Howard E. Greenberg: Apartments, Wegmans and a healthy office market
By Howard Greenberg - January 17, 2020 The new Wegmans takes shape on Corporate Park Drive. Photo by Bob Rozycki We have all heard about retail becoming omnichannel. That is when you can buy online, pick up or return at the store or order online while at the store, so that the online and the
Westchester commercial real estate market is healthier than it has been in decades
From a multitenant office market of more than 33 million square feet about 12 years ago, we have demolished and/or repurposed almost 6 million square feet of multitenant office space, and have not built any new office buildings at all. Many functionally obsolete buildings have been demolished to free up the sites for new residential,
Towns, trains and water are the keys to development in Westchester
Most people ask me “What is all the building going on in Westchester?” Even more people ask me “Why are they building so many apartments?” The answers have a lot more to do with new societal trends than they do with real estate. Westchester has morphed from a sleepy bedroom community that rarely saw any
Robert Martin Co. returns to familiar turf amid red-hot industrial market
Robert Martin Company has recently regained the number one spot in Westchester County's industrial real estate market. The Greenburgh-based firm reclaimed the throne by buying back a majority of its sprawling commercial real estate portfolio that it had sold to Mack-Cali Realty Corp. for $450 million more than two decades ago. "This portfolio makes it
Howard Properties Relocates Its Headquarters
EFFECTIVE JULY 1, 2019HOWARD PROPERTIES, LTD. WILL RELOCATE TO 200 SUMMIT LAKE DRIVE SUITE 150 VALHALLA, NEW YORK 10595 (914) 997-0300 HOWARD@HOWPROP.COM
GUEST VIEWPOINT: Some Advice for Commercial Tenants in 2019 and Beyond
The suburban office market is probably the least volatile product type right now. However, make no mistake, rental rates are trending higher. This is partly due to reduced supply, and partly due to new ownership of a number of buildings. The new owners are performing Real Estate 101 type activities: refurbishing common areas (lobbies, public
GUEST VIEWPOINT: Some Advice for Commercial Tenants in 2019 and Beyond
The suburban office market is probably the least volatile product type right now. However, make no mistake, rental rates are trending higher. This is partly due to reduced supply, and partly due to new ownership of a number of buildings. The new owners are performing Real Estate 101 type activities: refurbishing common areas (lobbies, public
Howard Greenberg: Construction bolstering Westchester’s economic development
Everyone is seeing lots of construction these days. The first (and continuing) wave of multifamily residential development has been focused on the major cities in Westchester County, including White Plains, Yonkers, New Rochelle and Mount Vernon. Many buildings have already been built and are occupied or in the leasing phase. Many more projects are in
Howard Greenberg Wins CoStar Power Broker Award
Howard E. Greenberg, President of Howard Properties, Ltd., White Plains, New York announces that he has won the CoStar Power Broker Award for 2018 as a Top Office Leasing Broker in the Westchester/Southern Connecticut submarket. CoStar Power Broker awards are given to top producing brokers by the largest provider of real estate information in the
