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Rental Market

2 Westchester County Cities On List Of Most Expensive Places In NY Metro Area, Report Says 2 Westchester County Cities On List Of Most Expensive Places In NY Metro Area, Report Says
2 Westchester County Cities On List Of Most Expensive Places In NY Metro Area, Report Says Several cities in the region are among the most expensive cities in the region to rent in, a new report says.  In Westchester County, both White Plains and Yonkers appear on the list of most expensive cities in the New York Metropolitan Area, according to a report from Monday, Nov. 7 by Zumper.  White Plains ranks fourth on the list with a $2,590 monthly one-bedroom rent, and Yonkers ranks tenth on the list with a $1,900 monthly one-bedroom rent, the report says. According to the report, two other Hudson Valley cities appear on the list:  Poughkeepsie ranks 11th on the lis…
Tarrytown Apartment Complex Sells For $91M Tarrytown Apartment Complex Sells For $91M
Tarrytown Apartment Complex Sells For $91M Talleyrand Apartments, a 300-unit multifamily community in Tarrytown, has been sold to an affiliate of The DSF Group of Waltham, Mass., for $91 million.  The new owner is Crescent Drive Owner LLC, an affiliate of The DSF Group. DSF already manages large housing complexes, including luxury apartments, in New Rochelle and White Plains. Talleyrand’s location in Tarrytown benefits from an excellent school system and provides convenient access to Midtown Manhattan via the Metro-North Railroad, which gets commuters to Midtown in approximately 30 minutes. An additional benefit of the location is t…
Prime Vacant Office Space Soars To 62 Percent In Northern Westchester Prime Vacant Office Space Soars To 62 Percent In Northern Westchester
Prime Vacant Office Space Soars To 62 Percent In Northern Westchester According to the latest quarterly report by JLL, the vacancy rate for office space has hit 62 percent in Northern Westchester, more than three times higher than submarkets in southern Westchester, which have a combined vacancy rate of approximately 20 percent.  JLL's research from the third quarter of 2017 also founds rents are down in general and that countywide, the vacancy rate is nearing 25 percent -- nearly five percent higher than 2013.  It remains to be seen whether the IBM and Pepsi campuses in Somers will have futures as multi-tenant offices, the JLL report said. Average asking re…