Real Estate Weekly, August 29th, 2001
According to the midyear 2001 real estate report issued by the Research Consulting Services Group of Cushman & Wakefeld, the Westchester market continues to fare well this quarter, with overall vacancy rat at 12.1% -- a sizable decrease compared to last year's 15.1%.
Leasing activity has remained strong this year, with a total of 1,050,826 SF leased. Pepsi Bottling Group Inc., with its renewal of 380,000 SF at its Somers headquarters, was one of the most significant of the transactions. Other companies continue to relocate to Westchester, as well. The largest deal this year so far is the 55...
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