Westchester Office Space


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

Westchester Rates

On average, listings lease in the $20's per square foot per year. The Westchester region is seeing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 32% decrease in rent.

Westchester Listing Supply

In the last 90 days, 12 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Westchester are subleases, so you might be able to sign a shorter term by taking over a previous 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 1,920 sqft. Most buildings in this area are around 5 floors. Most buildings in this market were built in 1973 and are Class A.

Westchester Community

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 region. Commute by taxi is the most popular way to get to work amongst Westchester residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Westchester.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Westchester.