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Yonkers Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $31.51 2020 Avg. Asking Rent
  • -1.05% Y-o-Y Avg. Asking Rent Change
  • 10.91% 2020 Office Vacancy Rate

Yonkers office price per square foot in 2020 was $31.51 on average. This marked a -1.05% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 10.91% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Yonkers Class A Office Space$32.33
  • Yonkers Class B Office Space$21.18
  • New York Class A Office Space$68.40
  • New York Class B Office Space$34.41
  • New York Class C Office Space$25.31

Yonkers, NY Office Asking Rents by Class

2020 Office Construction in Yonkers, NY

  • Yonkers, 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 Yonkers 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 Yonkers
Office building Address SF Completed
WestMed Building at Westchester Ridge Hill 73 Market Street, 10710 222,894 2011
Station Plaza 86 Main Street, 10701 70,000 2006
1034 North Broadway 1034 N Broadway, 10701 24,644 2003
970 North Broadway 970 North Broadway, 10701 50,000 1989
South Westchester Executive Park - 6 Executive Plaza 6 Executive Plaza, 10701 80,000 1988
South Westchester Executive Park - 5 Odell Plaza South Westchester Executive Park - 5 Odell Plaza, 10701 38,400 1983
South Westchester Executive Park - 1 Executive Blvd 1 Executive Blvd, 10701 112,000 1982
South Westchester Executive Park - 1 Odell Plaza 1 Odell Plaza, 10701 106,000 1980
1010 North Broadway 1010 North Broadway, 10701 12,455 1926

Worth noting among recent office completions on the Yonkers market is WestMed Building at Westchester Ridge Hill, which is currently the largest new office development in the city, at 222,894 square feet.

Data provided by Commercial Edge

See reports for nearby markets

  • New York City Office Rent Price
  • Brooklyn Office Rent Price
  • Stamford Office Rent Price
  • White Plains Office Rent Price
  • Jersey City Office Rent Price
  • Red Bank Office Rent Price
  • Scarsdale Office Rent Price

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 Yonkers 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.

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