Westchester Office Space

Westchester

Office Space Market Report

Number of Listings (last 90 days)
71
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,700
As of: August 20, 2017

Westchester Rates

The typical asking rate per listing is in the $20's per square foot per year. The Westchester region is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 22% decline in rent.

Westchester Listing Supply

In the last 90 days, 71 listings have been listed, so you'll want to check back regularly for new listings. About 59% of the available space in the Westchester are subleases, so you might be able to snag a great spot on a short term. 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 1,700 sqft. Most properties in this market are approximately 5 stories. Most buildings in this area were built in 1980 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 occupants. Commuting close to 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.
Research