In this brief overview of the Fairfield and Westchester County retail real estate markets, CoStar data indicates a slight softening in Westchester, as total availability ticked up and asking rents moved down over the past year. In contrast, Fairfield saw some strengthening, with availability declining and average asking rents rising. Read More
NAIOP, the Commercial Real Estate Development Association, just published the results of its excellent biannual investor survey. The NAIOP CRE Sentiment Index summarizes the predictions of approximately 5,000 commercial real estate investors, developers and operators about general conditions in the commercial real estate industry in 2018. Read More
There is no doubt that e-commerce is having a huge impact on the way people shop. However, traditional brick-and-mortar stores still dominate retail sales in the U.S., and will continue to do so. It is undeniable that e-commerce has fundamentally changed the way customers shop, and the size and layout of retail stores. But physical locations remain necessary for most retail, particularly for the fast growing services sector.
RECon in Las Vegas is the largest commercial real estate convention in the world. According to many of the 37,000 attendees, because of lingering uncertainty in retail, this year’s focus at ICSC RECon 2017 was less about deal making and more about understanding the changing nature of the retail real estate industry.
As part of staying on top of the state of our markets, Admiral performs regular reviews of recent multifamily real estate investment sales activity in Westchester County, along with market fundamentals, including analysis of capitalization rates and sales volume. Read More
Recent leases to New York Life and Dannon signal a move away from suburban corporate campuses to transit-oriented cities where amenities are within arm’s reach. This is good news for White Plains commercial real estate. Read More
Record prices and diminishing returns for multifamily properties in the Bronx are fueling 1031 exchanges into nearby Fairfield and Westchester investment properties.