If the STEM high school project at the former IBM Somers property secures all approvals and lease negotiations are finalized, the lease transaction and the subsequent adaptive reuse project would be the largest of their kind in memory in Westchester County.
Driven by large renewals, sizeable new leases and substantial tenant move-ins, class-A office buildings continue to lure users looking to attract and retain employee talent, and as a result, drive up rents.
Mason Tenders renewed 40,000 square feet and Entertainment Benefits Group signed on for 12,769 square feet at GFP Real Estate's Midtown office building.
The ad campaign began this week and features DC residents and community leaders calling on the City Council to crack down on commercial hosts buying up homes to rent short-term on Airbnb and thus depleting the district's affordable housing stock.