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CBRE tells Westfield council vacancies are temporary; mixed‑use recommended for long‑term downtown growth
Summary
CBRE brokers said recent multifamily vacancies in Westfield resulted from concentrated deliveries and slow lease‑ups; they recommended continued mixed‑use development in walkable pockets and committed to send comparative unit counts to council.
Commercial real‑estate brokers from CBRE presented lease‑up and occupancy data and answered council questions about recent multifamily deliveries and vacancy in Westfield.
George Tickajohn, an apartment broker with CBRE, said a cluster of nearly 750–1,000 new units delivered around 195th Street and Grand Park caused a temporary dip in occupancy because multiple large properties opened at the same time. “We have had some vacancy,” he said,…
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