Figures
Westchester County Office Figures Q4 2025
January 9, 2026 6 Minute Read
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‒ Quarterly leasing activity totaled 145,000 sq. ft., down 43% from the previous quarter and down 33% from the five-year quarterly average.
‒ Annual leasing activity totaled 862,000 sq. ft., up 9% year-over-year.
‒ The availability rate fell 20 bps (basis points) quarter-over-quarter to 19.7% and was down 190 bps from year end 2024.
‒ Quarterly net absorption was positive 35,000 sq. ft., which brought year-to-date absorption to positive 627,000 sq. ft.
‒ The average asking rent was $30.09 per sq. ft., virtually unchanged quarter-over-quarter and up 1% from a year ago.