Big year drops vacancy rate.During the last year, Westchester county saw momentum continue with leasing activity totaling approximately 3 million SF and "net" absorption of reaching about 12 million. The total easing activity for the year 2000 set a record and exceeded 1999 by approximately 20%. The largest leases of the year involved the Starwood Hotels' 203,000 SF at 1133 Westchester Ave. in White Plains; the Metromedia Fiber Networks' 80,000 SF at 360 Hamilton Ave. in White Plains; the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Power Authority's 65,000 SF at 440 Hamilton Ave. in White Plains; Heinekin USA's 63,000 SF at 360 Hamilton Ave. in White Plains; Wilson Elser Moskowitz' 58,000 SF a 3 Gannett Drive in White Plains; Trade-Outcom's 62,000 SF at the Summit in Valhalla; Northern Telecom's 57,000 SF at the Summit in Valhalla; CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) Corp.'s 56,000 SF at 120 White Plains Rd. in Tarrytown; Berkeley College's 52,000 SF at 99 Church St. in White Plains; and Nextel's 50,000 SF at Taxter Corporate Park in Elmsford. The above-mentioned transactions, along with numerous other lease commitments, have caused the countywide coun·ty·wide adv. & adj. Throughout a whole county: found at locations countywide; a countywide search. Adj. 1. vacancy rate to decrease to approximately 12%, while the vacancy rate for downtown White Plains "CBD (Component Based Development) Building applications with components (objects). See component software. CBD - component based development " reached about 15%. Asking rentals have increased to an average of about $27.00 per SF, which is $2.00 per SF more than one year ago. As indicated by the above information, downtown White Plains "CBD" and "Westchester East" have seen the most activity recently, representing about two-thirds of all leasing activity in the region. On the supply side there is approximately 3.8 million SF of space currently available, but the number of large blocks of space (those of more than 50,000 SF) has decreased significantly and there are now only seven blocks available which feature more than 100,000 SF. The nature of the Westchester market is such that with larger tenants now exploring the market, new availabilities will in all likelihood be absorbed in a timely fashion. There are currently several very sizable siz·a·ble also size·a·ble adj. Of considerable size; fairly large. siz  a·ble·ness n. tenants in the market, including the World Wrestling wrestling, sport in which two unarmed opponents grapple with one another. The object is to secure a fall, i.e., cause the opponent to lose balance and fall to the floor, and ultimately to pin the supine opponent's shoulders to the floor, through the use of body Federation, Metropolitan Life, G.E. Capital, Fleet Bank, and Elizabeth Arden Elizabeth Arden (December 31, 1878 - October 19, 1966) was a Canadian businesswoman who built a cosmetics empire in the United States.Arden was born Florence Nightingale Graham in Woodbridge, Ontario, where she lived until she was twenty-four years old. . Significant availabilities (those of more than 250,000 SF) exist at 333 Westchester Ave., Mt. Pleasant Executive Center, 445 Hamilton Ave., and potentially the Texaco Headquarters. In addition, space in the 90,000 SF to 100,000 SF category is being returned to the market by Prodigy An online information service that provides access to the Internet, e-mail and a variety of databases. Launched in 1988, Prodigy was the first consumer-oriented online service in the U.S. at 44 S. Broadway in White Plains, and Prudential at the Summit in Valhalla. |
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