Yonkers Office Market Trends

Office Rental Market

  • $31.84 2019 Avg. Asking Rent
  • 11.77 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Yonkers was $31.84 per square foot, and the office vacancy rate across the market averaged 11.77 %. During 2019, developers added 0 square feet of new office space to the Yonkers 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

  • Yonkers Class A Office Buildings$32.23
  • Yonkers Class B Office Buildings$21.18
  • NY Class A Office Buildings$71.98
  • NY Class B Office Buildings$36.81
  • NY Class C Office Buildings$24.83

Yonkers, NY Office Asking Rents by Class

OFFICE CONSTRUCTION IN Yonkers, NY

  • Yonkers, NY Total Sqft completed in 2019 0
  • Yonkers, NY Total Sqft under construction in 2020 0
10 Largest Office Buildings in Yonkers
Building name Address Total Sqft Year built
iPark Hudson - Building 9 131 Warburton Avenue, 10701 336,139 2008
iPark Hudson - Building 3 28 Wells Avenue, 10701 240,000 2000
WestMed Building at Westchester Ridge Hill 73 Market Street, 10710 222,894 2011
iPark Hudson - Building 4 & 5 29 Wells Avenue, 10701 178,150 2013
20 South Broadway 20 South Broadway, 10701 130,358 1931
540 & 578 Nepperhan Avenue 540 Nepperhan Avenue, 10701 116,784 1967
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
1 Larkin Plaza 1 Larkin Plaza, 10701 88,933 1954
Boyce Thompson Center 1086 North Broadway, 10701 85,000 1920
Largest Office Properties Recently Completed in Yonkers
Office building Address Sqft Completed
iPark Hudson - Building 4 & 5 29 Wells Avenue, 10701 178,150 2013
WestMed Building at Westchester Ridge Hill 73 Market Street, 10710 222,894 2011
iPark Hudson - Building 9 131 Warburton Avenue, 10701 336,139 2008
Station Plaza 86 Main Street, 10701 70,000 2006
iPark Hudson - Building 3 28 Wells Avenue, 10701 240,000 2000
South Westchester Executive Park - 200 Corporate Blvd South 200 Corporate Blvd South, 10701 84,000 1990
South Westchester Executive Park - 4 Executive Plaza 4 Executive Plaza, 10701 80,000 1989
Riverhill Professional Pavilion 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 - 100 Corporate Drive 100 Corporate Drive, 10703 78,000 1987
Data provided by Commercial Edge

Office Spaces for Rent in New York

See trends for nearby markets

The Yonkers office market contains an inventory of 2,499,284 square feet of office space, in 28 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 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.