Cuddy, who appeared at the Dec. 14 meeting of the WestchesterCounty Board of Realtors' Commercial Investment Division, related,"As we look at next year on a macro basis, we have to look at thedynamics of our market as it compares to New York City because itis going to bode very well for this county if the market continueson an upswing, but particularly if it goes on a downswing."

He continued that due to the prolonged robust economic times,major corporations have mainly been focused on the profit side ofthe business. Cuddy noted that if a downturn were to take place,companies would undertake a "re-orientation" on the expense side,which would include a hard look at its New York City officecosts.

"When companies start to focus more on the expense side in adownside market, the Westchester market will be very well poised tocapture more tenancies out of Manhattan given that the Manhattanmarket is at $50 to $75 per sf), and we are still $25 to $30," hesaid.