Poughkeepsie Office Market Trends

Office Rental Market

  • $24.11 2019 Avg. Asking Rent
  • 17.54 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Poughkeepsie was $24.11 per square foot, and the office vacancy rate across the market averaged 17.54 %. During 2019, developers added 0 square feet of new office space to the Poughkeepsie market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Poughkeepsie Class A Office Buildings$23.14
  • Poughkeepsie Class B Office Buildings$24.21
  • Poughkeepsie Class C Office Buildings$21.88
  • NY Class A Office Buildings$71.98
  • NY Class B Office Buildings$36.81
  • NY Class C Office Buildings$24.83

Poughkeepsie, NY Office Asking Rents by Class

Office asking rents vary across the Poughkeepsie office market depending on several factors, one of which is property class. While rents for Class A office buildings in Poughkeepsie averaged $23.14 per square foot in 2019, Class B office properties garnered average rental rates of $24.21 per square foot. Rental rates for Class C office property in Poughkeepsie averaged $21.88 per square foot. On a statewide level, Class B office space rents averaged $36.81 per square foot, while rents for Class A office space across New York averaged $71.98 per square foot. On average, Class C office properties in New York commanded rents of $24.83 per square foot.

OFFICE CONSTRUCTION IN Poughkeepsie, NY

  • Poughkeepsie, NY Total Sqft completed in 2019 0
  • Poughkeepsie, NY Total Sqft under construction in 2020 0
10 Largest Office Buildings in Poughkeepsie
Building name Address Total Sqft Year built
Family Partnership Health Center 29 North Hamilton Street, 12601 108,404 1997
Poughkeepsie Journal Building 85 Civic Center Plaza, 12601 107,082 1941
1 Civic Center Plaza 1 Civic Center Plaza, 12601 100,000 1953
Vassar Brothers Ambulatory Surgery Center 21 Reade Place, 12601 93,989 2012
Westage Medical Building 1 Columbia Street, 12601 60,000 1998
30 Columbia Street 30 Columbia Street, 12601 58,000 2010
21 Fox Street 21 Fox Street, 12601 47,872 1994
201 & 205 South Avenue 201 South Avenue, 12601 47,000 1960
375 Main Street 375 Main Street, 12601 44,708 1840
Marshall & Sterling Corporate Headquarters 110 Main Street, 12601 35,900 1989
Largest Office Properties Recently Completed in Poughkeepsie
Office building Address Sqft Completed
Vassar Brothers Ambulatory Surgery Center 21 Reade Place, 12601 93,989 2012
30 Columbia Street 30 Columbia Street, 12601 58,000 2010
253 Mansion Street 253 Mansion Street, 12601 30,823 2007
Westage Medical Building 1 Columbia Street, 12601 60,000 1998
Family Partnership Health Center 29 North Hamilton Street, 12601 108,404 1997
21 Fox Street 21 Fox Street, 12601 47,872 1994
4 Jefferson Plaza 4 Jefferson Plaza, 12601 30,000 1991
Marshall & Sterling Corporate Headquarters 110 Main Street, 12601 35,900 1989
2 Jefferson Plaza 2 Jefferson Plaza, 12601 30,000 1984
235 Main Street 235 Main Street, 12601 30,000 1976
Data provided by Commercial Edge

Office Spaces for Rent in New York

See trends for nearby markets

The Poughkeepsie office market contains an inventory of 2,005,925 square feet of office space, in 42 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Poughkeepsie 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.