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.
| 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.
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 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.