• The availability rate remained essentially flat, declining slightly from 22.1% last quarter to 21.9%.
  • Only six blocks of space over 100,000 sq. ft. throughout Westchester County were on the market at the end Q2 2018.
  • Positive absorption reached 32,000 sq. ft. for Q2 2018, and absorption has been positive in 7 of the last 8 quarters.
  • Quarterly leasing totaled 166,000 sq. ft., 45% below the five-year quarterly average for Westchester County.
  • The overall average asking rent remained flat quarter-over-quarter, but is up 5.8% year-over-year.