On average, listings lease in the $40's per square foot per year. The Westchester submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $20 per sqft per year. That's a 71% rise in rent.
In the last 90 days, 559 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Westchester are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this market were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Westchester folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Westchester.
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