Ep. 69 - A Review of Westchester’s Commercial Real Estate Market in the First Quarter

“A Review of Westchester County’s Commercial Real Estate Market in the First Quarter” was the topic of this episode of “Building Knowledge With The Building and Realty Institute (BRI).” The guest for this segment of our series was Garry Klein, the Regional Manager of Houlihan Lawrence Commercial. Houlihan Lawrence Commercial’s recent report on the conditions of the Commercial Real Estate Market in Westchester County (N.Y.) during the first quarter was analyzed by Garry Klein during this episode. Garry Klein was a regular guest on the former radio shows of The Building and Realty Institute (BRI). This episode marked his third appearance on “Building Knowledge.” Topics discussed during the segment included: 1) How Westchester’s Commercial Real Estate Market finished the first quarter with generally positive results, according to the Houlihan Lawrence Commercial report; 2) An evaluation of Westchester’s Residential Apartment Sector in the first quarter; 3) What the Houlihan Lawrence Commercial report said about the performance of Westchester’s Office Market in the first quarter; 4) How Westchester’s Retail Sector fared in the first quarter, according to the Houlihan Lawrence Commercial analysis; 5) Garry Klein’s review of first-quarter conditions in Westchester’s Industrial and Flex Sectors; 6) Garry Klein’s comments on the assessment of the Houlihan Lawrence Commercial report on why transactions in Westchester County’s Commercial Real Estate Market have remained subdued; 7) The three factors, according to the Houlihan Lawrence Commercial report, that are needed before a meaningful increase in investment transaction volume is seen in Westchester’s Commercial Real Estate Market.