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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
4Q17
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