From left, Bill Mooney, Executive Vice President, PCSB Bank; Andrew Weisz, President. RPW Group; BOMA President Robert McNamara, Director of Operations & Management, GHP Office Realty; Brian Van Riper, Director of Construction & Project Management, Robert Martin Company; Mark Stagg. President, Stagg Group, and Chris O’Callaghan, Managing Director, RM Friedland
More than 100 commercial property owners and brokers were on hand for the Annual State of the Market luncheon presented by the Building Owners and Managers Association of Westchester (BOMA). The event was held Thursday, January 15 at 360 Hamilton Auditorium in White Plains.
The panelists included: Andrew Weisz, President. RPW Group; Mark Stagg. President, Stagg Group; Chris O’Callaghan, Managing Director, RM Friedland; Brian Van Riper, Director of Construction & Project Management, Robert Martin Company. The panel moderated by Bill Mooney, Executive Vice President, PCSB Bank
The meeting discussed the commercial and residential real estate market trends in Westchester County. Key points included the medical sector’s growth, with New York-Presbyterian and White Plains Hospital expanding, and law firms seeking new spaces to attract talent. Residential development emphasized workforce housing. Industrial logistics spaces remain strong, with a 97% leased portfolio and growing rents. The discussion also highlighted the impact of repurposing office spaces, the challenges of ground-up development, and the need for streamlined approval processes. The importance of transit-oriented development and the interconnectedness of residential, commercial, and industrial sectors were also noted.
BOMA Westchester is the county’s leading professional organization dedicated to meeting the needs of building owners, property managers and allied professionals and tradespeople. BOMA Westchester is an affiliate of BOMA International — the oldest and largest association of the office building industry, with over 100 federated associations in the United States and around the world. The 17,000-plus members of BOMA International own or manage more than 9 billion square feet of commercial properties in North America and abroad.
