Figures
Westchester County Office Figures Q1 2025
April 8, 2025 5 Minute Read
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‒ Quarterly leasing activity totaled 209,000 sq. ft., down 4% from the previous quarter but 3% above the five-year quarterly average.
‒ Quarterly renewal activity amounted to 105,000 sq. ft., 9% above Q4 2024
‒ The availability rate was 21.4%, down 20 bps (basis points) quarter-over-quarter but up 170 bps from a year ago.
‒ Quarterly net absorption was positive 195,000 sq. ft.
‒ The average asking rent was $29.74 per sq. ft., flat both quarter-over-quarter and year-over- year.