Yonkers Commercial Real Estate 0 Listings

Yonkers: A Premier Destination for Commercial Real Estate

Introduction

Yonkers, New York, stands as a dynamic hub for commercial real estate, boasting a diverse economy and a strategic location just north of New York City. With a population over 200,000, Yonkers serves as an essential gateway to the vibrant markets of the greater New York metropolitan area. The city is renowned for its robust industry clusters, including retail, healthcare, and emerging tech sectors, offering unique opportunities for commercial real estate (CRE) investments across various asset classes.

Economic and Industry Overview

Yonkers is supported by a diversified economic base, driven by major industries such as healthcare, retail, and technology. With institutions like St. John’s Riverside Hospital and tech startups flourishing, there is a consistent demand for office spaces and medical facilities. Retail corridors benefit from the city's affluent residential neighborhoods and the influx of visitors to its shopping centers.

The Yonkers Industrial Development Agency (IDA) promotes economic growth through various incentives, fostering a business-friendly environment that attracts both small businesses and large corporations. Yonkers IDA provides resources and support for regional economic development.

Strategic Location and Transportation Infrastructure

Strategically positioned along the Hudson River, Yonkers offers exceptional logistical advantages. Key transportation arteries include the New York State Thruway (I-87) and the Saw Mill River Parkway, facilitating seamless connectivity to New York City and beyond.

The Metro-North Railroad's Hudson Line provides robust commuter access, while proximity to LaGuardia and JFK Airports enhances domestic and international connectivity. These transportation networks support the city's role as a distribution and logistics hub, with easy access to labor pools and consumer markets. For more details, visit the New York State Department of Transportation.

Commercial Real Estate Inventory & Zoning

Yonkers features a diverse range of CRE submarkets, from its bustling Central Business District (CBD) to burgeoning industrial corridors. Key asset classes include industrial, retail, office, and medical spaces, with zoning regulations that support mixed-use developments and innovation districts.

Recent zoning updates and overlays have facilitated the growth of the city's waterfront, attracting developers with incentives aimed at revitalizing underutilized areas. For zoning maps and information, explore the City of Yonkers Zoning Maps.

Major Employers and Institutions

Yonkers is home to major employers such as the Montefiore Medical Center, Kawasaki Rail Car Inc., and Yonkers Raceway & Empire City Casino. These institutions drive substantial demand for commercial spaces, supported by a network of research centers and tech campuses.

The Yonkers Chamber of Commerce provides a comprehensive directory of businesses and economic development resources for stakeholders.

Notable Commercial Developments & Projects

Significant projects like the Hudson Park development and the Cross County Shopping Center expansion illustrate Yonkers' commitment to growth and modernization. These mixed-use developments integrate residential, retail, and office spaces, supported by public-private partnerships and Opportunity Zones that incentivize investment.

For access to planning documents and site maps, visit the Yonkers Planning Department.

Building Permits, Planning, and Development Tools

To facilitate development, Yonkers offers a suite of tools including:

Market Data & Economic Reports

Public data sets such as those from census.gov and Yonkers' open data portal provide valuable insights into market trends and economic impacts. Brevitas leverages AI-powered aggregation of public data and internal insights to offer comprehensive market analyses. Explore Brevitas-powered dashboards for Yonkers here.

Why Use Brevitas for Yonkers CRE?

Brevitas offers a cutting-edge CRE marketplace with AI-driven discovery, real-time market alerts, and smart property pages. Our platform enables seamless collaboration through dealroom features and integration tools for brokers and developers. Exclusive listings and premium exposure ensure that your Yonkers properties reach the right audience.

Key features include: