Category: Retail

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  

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  

NAIOP Logo - Real Estate Investors Survey - Admiral Real Estate Blog

Real Estate Investors Survey Results

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