Spano made the announcement at a press conference yesterday. County officials had been holding discussions for more than six months with a number of on-line real estate information-related companies before deciding to link its web site with MrOfficeSpace.com.
The site, which was founded by Yale Robbins, a real estate publisher based in New York City, was launched in September with New York City listings. According to Yale Robbins, president of MrOfficeSpace.com, listings for Northern New Jersey will be available at the site within the next 90 days.
"Allying with this free Internet-based listing service will help encourage real estate activity throughout the county," said Spano. "The technology ensures that the information is always up-to-date and makes it easier to show what Westchester has to offer. Tools like this will give another boost to our already healthy economy."
Users can access the site through the Economic Development section of the county's homepage: http://www.Westchestergov.com and link to Office Space Currently Available. The site offers users the ability to search through 25 million sf of commercial space.
Vacancy rates have dropped steadily countywide since 1998, making the area even more attractive to businesses, said Director of Economic Development Salvatore J. Carrera. Office availability rates for the White Plains business district fell from a high of 30% a few years ago to 15% (for the third quarter of 2000), while overall countywide office availability figures for the same period declined from 16% to 11%. The county is expecting the rate to fall into single digits next year, Carrera and Spano agreed.
Carrera, who spoke to several companies before selecting MrOfficeSpace.com, said he had been fielding a lot of calls from businesses, brokers and managing agents wanting office space information and wanted to find an easier way to show clients, especially those out of state, what was available in Westchester.
"I spent so much time giving them this information," he related. "It would have been so much easier to suggest they go to a web site and see what's happening."
The Internet-based listing service allows a user to search 95% of Westchester's commercial real estate market in moments, Robbins noted. Users can search by several criteria, including size, rent and location, and find out what space is available in which buildings. The site includes photographs, links to local maps, and the names and numbers of rental agents. E-mail alerts can also be requested when new properties come available. The information is updated every 15 days to 30 days.
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