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Dozen NYC Companies Studying Suburban Markets for Space

WHITE PLAINS-Local brokers predict that Westchester County should land one or more deals in the near future from the dozen or so New York City firms that are currently exploring the suburban office market for large blocks of available space.

By John Jordan | Updated on October 12, 2001

WHITE PLAINS-A panel of brokers who participated at a Building Owners and Managers Association session on Thursday agree that due to Westchester County’s diverse offerings of large blocks of available office space, the county should land one or possibly more large relocation deals out of New York City.

Jersey City and Stamford, CT have thus far snagged all the major New York City corporate relocation deals stemming from the World Trade Center disaster. However, area brokers note that because New York City, as well as competing markets in New Jersey and Fairfield County, CT, have few if any large blocks of existing office space to offer, Westchester County should prove attractive to companies who are now in the market for space.

Kenneth Krasnow, regional managing director for Cushman & Wakefield of Connecticut, told attendees of the session held at the Crowne Plaza Hotel, that demand for office space from New York City firms in Westchester County is “strong.” He adds that there are “10 to 12 large requirements from New York City” currently in the suburban market.

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