2,200 New Apartments in Westchester County

There is an apartment boom in Westchester County, according to a new report from GFI Realty Services.

Developers are expected to open about 2,200 new market-rate rental units in Westchester between 2016 and 2018, which would be a two percent increase to the inventory of apartments. That’s about twice the county’s historical average rate of construction.

“In communities across Westchester, municipal governments have created and refined policies and incentives that are attracting both new investment dollars and new residents who have been priced out of many areas in the five boroughs,” said Justin Fitzsimmons, research analyst at GFI.

For comments, questions or concerns, please contact our New York commercial real estate editor Bendix Anderson