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Availability in the county's office market keeps shrinking, and that trend could accelerate greatly with plans to convert the former IBM campus in Somers to a private high school.
PDC’s portfolio includes such brands as Dr. Teal’s, Cantu, Body Fantasies, BOD Man and Eylure.
Robert K. Futterman will serve as chairman of Newmark RKF, Newmark's retail leasing division.
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.
“I feel the market is better than the statistics show,” said Cory R. Gubner, president and CEO at RHYS. “I am very bullish."
E-commerce companies are heating up the national industrial real estate market, but experts say space has been tight in Westchester "before it was even cool to talk about industrial."
FactSet's lease will bring the property to 100 percent capacity.
“Nothing is immune from the forces at work,” said Geoffrey Kasselman, during his recent presentation “The Exponential of Everything.”
According to a data analysis from Newmark Knight Frank, Fairfield County’s office leasing activity grossed 4.2 million square feet in 2017, up 18.5 percent from the previous year.
Westchester County’s office market slowed a bit from early 2017 highs in its final quarter, according to market analysts.
Three buildings – 106, 108 and 110 Corporate Park Drive – will be knocked down for a 125,000-square-foot grocery store.
“Restaurant economics are more of a challenge for landlords. They have a higher electrical capacity and a more intensive use of utilities,” said Jessica Curtis, senior managing director at Newmark Knight Frank in Stamford.
"The office market is better positioned than it has been for a long time,” says Kevin Welsh at Newmark Knight Frank.
The new tenants are a real estate firm, an interior design company and a yet-to-be-named antiques and lifestyle accessories boutique.
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