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Real Estate Data

Westchester has an inventory of more than 265 buildings, totaling more than 32 million square feet of available space, including:
  • Large office buildings designed for corporations and headquarters offices.
  • Asking rents for office space in the County are very competitive to neighboring locations, and well below those of southern Fairfield County.
  • Multi-tenanted buildings for medium-size firms or smaller companies.
  • Flexspace for light manufacturing or research and development space.
  • Warehouse space as well as laboratory and research space.

From 1997 through third quarter 2007, the vacancy rate in the White Plains Central Business District dropped from 28.0 percent to 12.08 percent. At the same time, the average price per square foot in the Countyh as increased from $21.43 to $28.78, while the rents in the White Plains Central Business District has increased to $35.70.

  

For more information on the commercial real estate market and market statistics, please contact the Office of Economic Development at (914) 995-2988. Many of the brokerage firms in the county provide free research on the current and historical vacancy rates.

Business Services Directory

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