gold line

Q1 Westchester market report: settling in with the new normal

May 15, 2024

Office availability in Westchester, which includes space offered for sublet has decreased a bit in the first quarter to 26.3%. Vacancies have decreased to 23.1%, but these numbers are skewed by some factors that I will address later. The Q1 vacancy rate decreased from last year primarily due to removal from the inventory of the former MBIA headquarters at 113 King St in Armonk and the property at 2700 Westchester Ave. in Purchase, both of which are slated for residential redevelopment.

Read the full article here.