2020 Office Space Rent & Sales
- $32.93 2020 Avg. Asking Rent
- 1.11 % Y-o-Y Avg. Asking Rent Change
- 51.01 % 2020 Office Vacancy Rate
Armonk office price per square foot in 2020 was $32.93 on average. This marked a +1.11 % change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 51.01 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Armonk Class B Office Space$32.93
- New York Class A Office Space$68.40
- New York Class B Office Space$34.41
- New York Class C Office Space$25.31
Armonk, NY Office Asking Rents by Class
2020 Office Construction in Armonk, NY
|Airport Campus - South Building||113 King Street, 10504||114,058||1999|
|188 King Street||188 King Street, 10504||79,572||1998|
|200 Business Park Drive||200 Business Park Drive, 10504||82,000||1987|
|80 Business Park Drive||80 Business Park Drive, 10504||44,148||1983|
|135 Bedford Road||135 Bedford Road, 10504||25,974||1983|
|84 Business Park Drive||84 Business Park Drive, 10504||66,222||1982|
|Armonk Professional Center||355 Main Street, 10504||39,350||1976|
|28 Kaysal Court||28 Kaysal Court, 10504||44,602||1966|
|IBM Corporate Headquarters||1 North Castle Drive, 10504||420,000||1964|
Worth noting among recent office completions on the Armonk market is 200 Business Park Drive, which is currently the largest new office development in the city, at 82,000 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Armonk commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.