White Plains Office Market Trends

Office Rental Market

  • $35.41 2019 Avg. Asking Rent
  • 11.75 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in White Plains was $35.41 per square foot, and the office vacancy rate across the market averaged 11.75 %. During 2019, developers added 0 square feet of new office space to the White Plains 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

  • White Plains Class A Office Buildings$40.58
  • White Plains Class B Office Buildings$27.73
  • White Plains Class C Office Buildings$21.28
  • NY Class A Office Buildings$71.98
  • NY Class B Office Buildings$36.81
  • NY Class C Office Buildings$24.83

White Plains, NY Office Asking Rents by Class

Office asking rents vary across the White Plains office market depending on several factors, one of which is property class. While rents for Class A office buildings in White Plains averaged $40.58 per square foot in 2019, Class B office properties garnered average rental rates of $27.73 per square foot. Rental rates for Class C office property in White Plains averaged $21.28 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.

2019 OFFICE VACANCY RATES

Submarket Asking Rents Vacancy Rates
White Plains - East $37.17 12.78 %
White Plains - West $35.76 9.64 %
Data provided by Commercial Edge
  • The lowest office vacancy rate in 2019 in White Plains was 9.64 % in the White Plains - West submarket, where asking rents averaged $35.76.
  • The highest office vacancy rate in 2019 in White Plains was 12.78 % in the White Plains - East submarket, where asking rents averaged $37.17.

OFFICE CONSTRUCTION IN White Plains, NY

  • White Plains, NY Total Sqft completed in 2019 0
  • White Plains, NY Total Sqft under construction in 2020 0
10 Largest Office Buildings in White Plains
Building name Address Total Sqft Year built
Westchester One 44 South Broadway, 10601 907,436 1976
Westchester One 44 South Broadway, 10601 850,198 1976
1133 Westchester Avenue 1133 Westchester Avenue, 10604 622,000 1964
1133 Westchester Avenue 1133 Westchester Avenue, 10604 610,261 1968
Gateway One 1 North Lexington Avenue, 10601 525,000 1985
Clarence D. Rappleyea Building 123 Main Street, 10601 420,195 1983
360 Hamilton Avenue 360 Hamilton Avenue, 10601 393,710 2000
White Plains Plaza - South Tower 1 North Broadway, 10601 391,443 1967
1111 & 1129 Westchester Avenue 1111 Westchester Avenue, 10605 366,000 1985
White Plains Plaza 445 Hamilton Avenue, 10601 350,000 1971
Largest Office Properties Recently Completed in White Plains
Office building Address Sqft 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
Grand Street Plaza - 140 Grand Street 140 Grand Street, 10601 130,136 1990
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
Data provided by Commercial Edge

Office Spaces for Rent in New York

See trends for nearby markets

The White Plains office market contains an inventory of 10,299,410 square feet of office space, in 86 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 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.