2020 Office Space Rent & Sales
- $21.51 2020 Avg. Asking Rent
- 8.98% 2020 Office Vacancy Rate
Poughkeepsie office price per square foot in 2020 was $21.51 on average. The local office market recorded an average vacancy rate of 8.98% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Poughkeepsie Class B Office Space$22.10
- Poughkeepsie Class C Office Space$20.42
- New York Class A Office Space$68.40
- New York Class B Office Space$34.41
- New York Class C Office Space$25.31
Poughkeepsie, NY Office Asking Rents by Class
2020 Office Construction in Poughkeepsie, NY
- Poughkeepsie, NY Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Poughkeepsie office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | 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 |
Worth noting among recent office completions on the Poughkeepsie market is Vassar Brothers Ambulatory Surgery Center, which is currently the largest new office development in the city, at 93,989 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 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.