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
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
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
Between 2016-2018, Westchester County will have added roughly 2,200 new market-rate multifamily rental units*. This is over double the historical average and will increase existing inventory by about 2%. Read More
According to the professor of urban planning at M.I.T., Eran Ben-Joseph, as of 2012 there were an estimated 500 million parking spaces in the U.S. At 100 cars per acre, this occupies approximately 7,800 square miles of land. This represents A LOT of open space – equivalent in size to the entire state of Massachusetts, or one and half times the size of Connecticut. Read More
This general overview of the retail market in the Westchester County and Fairfield County is the first in a series of reports which will explore trends, changes and opportunities in retail and how those trends are affecting real estate use and investment.