Bricks & Clicks | A new study by ICSC finds that retailers that open physical stores show significant increases in digital engagement. Read More
Many New York City suburbs are endeavoring to become live-work-play environments – pocket-sized Manhattans – that may not be 24-hour cities, but 18-hour suburbs that are walkable, accessible and shoppable. Add to this historical stability and robust retail demand, and you find a great mix for many retailers and service-providers. Read More
Several months ago, Admiral wrote about Westchester’s Property Tax Quandary, which described Westchester’s initial plan submission to New York State’s County-Wide Shared Services Initiative (CWSSI). This blog update outlines the County’s revised plan, which projects $27 Million in recurring savings. Read More
Hugh Kelly writes in the Westchester County Business Journal about the appeal of 24-hour cities and how a number of Westchester County suburbs have the features of 24/7 live-work-play environments: residential density, walkability, access to public transportation, and nearby Main Street shopping, restaurants and entertainment. Read More
Directly or indirectly, we all pay them. And Westchester County’s residents and businesses would benefit if they declined – if that could be done without negatively impacting services. To take [a lot] of liberties with Arthur Godfrey’s quote: “I’m proud to be paying property taxes in Westchester. The only thing is – I could be just as proud for half the money.” Read More
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.