Most listings are in the $30's per square foot per year. The Westchester submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 22% decline in rent.
In the last 90 days, 72 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available leases in the Westchester are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,260 sqft. Most properties in this region are close to 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 occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.