Where are the vacancies? - evaluation of real estate market in New York suburban region

Real Estate Weekly, Oct 21, 1992 by Beth Chappel Harper

To get a true picture of the market and vacancy versus occupancy rates, it's essential to understand exactly where the vacancies are.

ABR is a specialist in the high end of the market, representing such prime properties in Westchester as The Christiana Building in Tarrytown, Taxter Corporate Park in Elmsford and Connecticut Corporate Center in Ridgefield.

"The truth is, the type of corporations that built Westchester-Fairfield into one of the nation's premier markets will find that less than a handful of buildings fulfill their stringent requirements - Class A existing buildings or sites which have secured all approvals, and are located in areas where there is affordable housing and major highway access.

For this reason, ABR is pleased to represent Connecticut Corporate Center, an approved office/research and development office park in Ridgefield offering tenants 80,000 to 400,000 square feet.n

The facts demonstrate that the bulk of the vacancies resides in Class B or C buildings.