White Plains Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $38.13 2020 Avg. Asking Rent
  • 13.50% 2020 Office Vacancy Rate

White Plains office price per square foot in 2020 was $38.13 on average. The local office market recorded an average vacancy rate of 13.50% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • White Plains Class A Office Space$41.61
  • White Plains Class B Office Space$27.53
  • White Plains Class C Office Space$20.28
  • New York Class A Office Space$68.40
  • New York Class B Office Space$34.41
  • New York Class C Office Space$25.31

White Plains, NY Office Asking Rents by Class

Average office rent in White Plains rested at $38.13 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in White Plains averaged $41.61 per square foot. Across all submarkets, class B office space recorded an average asking rent of $27.53 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $20.28 per square foot, on average. Comparably, statewide New York average office rents by class in 2020 were: $68.40 per square foot for class A office space; $34.41 per square foot for class B office space; $25.31 per square foot for class C office space.

2020 Office Vacancy Rates in White Plains

Submarket Asking Rents Vacancy Rates
White Plains - West $38.49 12.06%
White Plains - East $37.03 16.48%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the White Plains market was 13.50% in 2020. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in White Plains was 12.06% in the White Plains - West submarket, while the highest office vacancy in the market was 16.48%, recorded in White Plains - East.

Office Spaces for Rent in New York

2020 Office Construction in White Plains, NY

  • White Plains, 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 White Plains office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.

Largest Office Properties Recently Completed in White Plains
Office building Address SF Completed
Greenburgh Health Center 295 Knollwood Road, 10607 30,000 2013
277 Martine Avenue 277 Martine Avenue, 10601 40,000 2012
360 Hamilton Avenue 360 Hamilton Avenue, 10601 393,710 2000
287 Corporate Plaza 100 Hillside Avenue, 10603 133,997 1996
10 Bank Street 10 Bank Street, 10606 235,285 1989
City Square - 50 Main Street 50 Main Street, 10606 309,000 1986
City Square - 1-11 Martine Avenue 11 Martine Avenue, 10606 263,039 1986
222 Bloomingdale Road 222 Bloomingdale Road, 10605 142,172 1986
Gateway One 1 North Lexington Avenue, 10601 525,000 1985
1111 & 1129 Westchester Avenue 1111 Westchester Avenue, 10605 366,000 1985

Worth noting among recent office completions on the White Plains market is Greenburgh Health Center, which is currently the largest new office development in the city, at 30,000 square feet.

Data provided by Commercial Edge

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 White Plains 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.