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Availability in the county's office market keeps shrinking, and that trend could accelerate greatly with plans to convert the former IBM campus in Somers to a private high school.
The county’s office market saw about 249,000 square feet of new leases and renewals in the second quarter, according to a quarterly market report from CBRE Group Inc.
Growth in asking rents is strongest in the White Plains Central Business District, where the average asking price of $34.84 per square foot is up 7 percent from last year’s first-quarter numbers, according to CBRE.
Westchester County’s office market slowed a bit from early 2017 highs in its final quarter, according to market analysts.