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Westchester County Market Reports

Westchester County Office Market

Average Asking Rent (Price/SF) $26.67
Availability Rate (%) 23.0%
Net Absorption (SF) 10,058

A recap of Westchester County's office market shows that 2017 was the year when large deals re-emerged; absorption moved to positive territory; availability continued its gradual descent; new entrants capitalized on solid investment sale opportunities; and adaptive reuse of older stock altered the inventory. In a nutshell, Westchester took a stride towards a healthier and more confident market. Despite a sluggish fourth quarter, demand from prior quarters led to 300,707 square feet of annual net absorption, marking the first full year of occupancy gains since 2013.

Westchester Office Market Report
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