Figures
Westchester County Office Figures Q3 2025
October 9, 2025 5 Minute Read
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‒ Quarterly leasing activity totaled 255,000 sq. ft., up 1% from Q2 2025 and 19% above the five-year quarterly average.
‒ Year-to-date leasing activity totaled 717,000 sq. ft., up 25% from the same time last year.
‒ The availability rate decreased to 19.9%, down 30 basis points (bps) from Q2 2025 and down 120 bps from a year ago.
‒ Quarterly net absorption was positive 122,000 sq. ft., bringing year-to-date absorption to positive 766,000 sq. ft.
‒ The average asking rent was $30.17 per sq. ft., unchanged from the prior quarter and down 2% from one year ago.