Westchester County Office Market
| Average Asking Rent (Price/SF) | $28.59 |
| Availability Rate (%) | 26.2% |
| Net Absorption (SF) | -99,255 |
Leasing activity in Westchester County remained unchanged year over year, closing at 468,712 square feet. Volume was largely driven by renewals this quarter, with 22 transactions spanning 251,013 square feet. Four of the seven largest leases of the quarter were renewals, each of which was above 25,000 square feet. These included renewals by Scarsdale Medical Group at 550/600 Mamaroneck Ave. in Harrison for 66,579 square feet and Triton at 100 Manhattanville Rd. in Purchase for 39,649 square feet. The Eastern market saw the highest leasing volume this quarter, totaling 314,948 square feet, with the largest relocation completed by Kyndryl, a spinoff of IBM, which signed a sublease at 2 International Dr. in Rye Brook for 26,212 square feet, and a new lease signed by Schimenti Construction at 3 International Dr. for 20,829 square feet.
Download Westchester Office Market Report 3Q22