Category: Local Market Reports

Inflation vs Deflation after Covid

Inflation vs. Deflation Post-Covid

The coronavirus pandemic has cause a negative supply and demand shock unlike anything we have experienced in modern times.  In this blog, we look at the likelihood of inflation vs. deflation vs. a return to relative equilibrium. Read More  

In Balance - Retail Leasing - Local Market Update

Retail Leasing | Local Market Update

We discuss what has been different during this economic cycle compared to the last, and how that affects Admiral’s expectations for retail leasing in Westchester and Fairfield Counties in the coming months. Read More  

Westchester Opportunity Zones Interactive Map - Admiral RE

Westchester Opportunity Zones

As a tool for our clients and investors, Admiral created individual maps of the twelve Westchester opportunity zones. An additional interactive map is included below, to allow users to drill down to street-level information, as well as to access satellite imagery for each area. Read More  

Suburban Strength | NYC’s Bedroom Communities

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  

Westchester County Business Journal - Can Suburbs Succeed in a 24/7 World?

Can Suburbs Succeed in a 24/7 World?

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  

Westchester Property Tax Quandary - Shared Service Plans

Westchester: The Property Tax Quandary

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  

Admiral Real Estate - Westchester Fairfield Retail Real Estate - Map

Retail Real Estate Stats for Westchester & Fairfield

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  

Admiral Real Estate - Westchester County Multifamily Real Estate Bronxville New York

Multifamily Real Estate Investment Sales

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