NYC companies look to Westchester for backshops
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- January
- 11
Manhattan-based companies that are looking for office space in Westchester are thinking more in terms of back-office operations as opposed to abandoning the city, several panelists said during yesterday’s annual meeting of the Business Owners and Managers Association at the Crowne Plaza in White Plains.
Robert P. Weisz of RPW Group said that most companies in New York City want to be there, given that it’s the financial capital of the world. Goldman Sachs, he said, is looking for more space in the Westchester and Fairfield County, Conn., region. James Fagan, senior managing director at Cushman & Wakefield, said law firms set themselves up in Manhattan because that’s where their clients are.
Demand for Westchester office space will remain strong, the panelists agreed. Patrick Colwell of Cushman & Wakefield said rents in business districts near train stations should climb by 10 percent annually over the next three years. Robert Caruso, senior managing director of CB Richard Ellis, said he expects rents in central business districts to increase at a greater rate than elsewhere in the county.
This entry was posted
on Thursday, January 11th, 2007 at 6:29 pm by Jerry Gleeson.
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