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According to a report released this morning by the real estate services firm CBRE, leasing in the Westchester County office market essentially stalled in...
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.
A major lease renewal and expansion by Montefiore in Yonkers led a solid quarter in Westchester's office market.