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Office Space

Lifestyle
These Popular Films, Shows Made $900K In Film Revenue For Yonkers In 2024 These Popular Films, Shows Made $900K In Film Revenue For Yonkers In 2024
These Popular Films, Shows Made $900K In Film Revenue For Yonkers In 2024 A surge in filming activity in a Westchester County city resulted in a record-breaking amount of film revenue in 2024, officials announced.  According to an announcement on Monday, Jan. 13, Yonkers shined as a hub for the film and television industry, generating nearly $900,000 in film revenue in 2024.  It was the most successful year since the establishment of the Mayor’s Office of Film and Photography in 2012, city officials added.  In a statement, Mayor Mike Spano attributed this success to the "work and partnerships we’ve created to make Yonkers the region’s leading…

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by Ben Crnic
Real Estate
Westchester's 2024 Q3 Commercial Real Estate Market Shows 'Mixed Results': Report Westchester's 2024 Q3 Commercial Real Estate Market Shows 'Mixed Results': Report
Westchester's 2024 Q3 Commercial Real Estate Market Shows 'Mixed Results': Report Although demand for Westchester retail space and multifamily apartment complexes improved during the third quarter of 2024, the market for other commercial properties in the county did not fare as well, according to an all-new report.  The data regarding the county's commercial real estate market came from Houlihan Lawrence's Q3 Commercial Market Report, released on Tuesday, Oct. 29.  According to the real estate brokerage, demand for retail space in Westchester "continues to evolve rapidly," as consumers have healthy purchasing power and are on the lookout for "con…

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by Ben Crnic
Business
Westchester IDA To Consider Incentives For $1B In New Projects Westchester IDA To Consider Incentives For $1B In New Projects
Westchester IDA To Consider Incentives For $1B In New Projects The Westchester County Industrial Development Agency is considering granting a series of incentives for three large-scale projects throughout Downtown White Plains that would result in more than $1.2 billion in new developments, as discussed on Friday, March 29. Two of the projects will create 1,674 new multifamily units. The third project will provide 132 independent living units. First on the IDA’s agenda is the proposed White Plains Mall redevelopments, which would feature approximately 860 rental apartment units in multiple buildings with 10 percent marked as affordable. The $600 milli…

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by Valerie Musson
Real Estate
Westchester Office Building Listed At $17.5M Westchester Office Building Listed At $17.5M
Westchester Office Building Listed At $17.5M A centrally located Westchester property with nearly 100,000 square feet of office space is up for sale for $17.5 million. The business property at 465 Columbus Ave. in Valhalla is more than 92 percent occupied with some high-profile public and private tenants -- including medical companies and state agencies. The offices were built in 1986 and extensively renovated in 2016.  More details about the property can be found by clicking here: 

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by Jon Craig
Real Estate
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…

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by Jon Craig