Home Tags Colliers International Group
Tag: Colliers International Group
“Stamford has been a real mecca for high-end businesses in the region, and in the state, for some time," says Colliers International Group Senior Managing Director Bob Miller. "And once businesses start looking more closely at what we have to offer, we think we’ll see more growth here.”
The county’s office market saw about 249,000 square feet of new leases and renewals in the second quarter, according to a quarterly market report from CBRE Group Inc.
Growth in asking rents is strongest in the White Plains Central Business District, where the average asking price of $34.84 per square foot is up 7 percent from last year’s first-quarter numbers, according to CBRE.
Westchester County’s office market slowed a bit from early 2017 highs in its final quarter, according to market analysts.
A major lease renewal and expansion by Montefiore in Yonkers led a solid quarter in Westchester's office market.
The increase in major deals is part of what has researchers concluding Westchester's office market is trending in a positive direction.
Engineering consultancy leases 8,204-square-foot space at 1000 Lafayette Blvd.
The 50-year-old practice has also renewed its long-time headquarters lease in Stamford.