For too long, the Westchester/Fairfield apartment markets have played second fiddle to New York’s close-in submarkets. As Long Island City, Brooklyn, Jersey City and Hoboken have seen explosions of activity, the northern suburban markets have plodded along. Suddenly there is a surge of new and planned developments in Yonkers, New Rochelle, White Plains, and Stamford. What is driving this boom? How quickly will these units be absorbed? Where will these renters come from and where will they work? How is Westchester/Fairfield performing relative to other parts of the New York Metro area?
ANALYSTS: Rental Apartment Boom Won’t go Bust by Akiko Matsuda