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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.
“There’s a lot of disconnect currently between planning and zoning and the market,” said Jessica A. Bacher, executive director of the Pace Land Use Law Center.
The Japanese banking giant's expansion is expected to bring hundreds of jobs and potential residents and retail customers to downtown White Plains.