Westchester County Office MarketView Q4 2019

January 16, 2020

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  • Westchester County availability rate declined by 180 basis points (bps) year over year.
  • Leasing increased 3% year over year, the first increase in leasing since 2015.
  • Positive absorption of 355,000 sq. ft. was the third straight year of positive absorption for the overall county.
  • Average rent declined by 4% year over year.
  • Westchester West availability decreased by 440 bps year over year.