Elmsford, NY Robert Martin Co., one of the largest real estate management and development firms in Westchester County, has closed 400,000 s/f of new leases, renewals and expansions at its properties in Westchester and Stamford, CT for the first half of 2021.
Among the major leases signed in the first half were:
“Though the past 12 months have been challenging, we continue navigating our way through it by applying a strategic combination of hands-on tenant management, upgrading infrastructure where needed, and repositioning sections of the firm’s regional property portfolio to better capture the upside from the current economic recovery underway that favors flex/industrial spaces designed for last-mile distributors and service providers,” according to CEO Tim Jones and president Greg Berger of the Robert Martin Co.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,