• County-wide availability dropped 460 bps year-over-year to 18.4%, largely due to the withdrawal of the former IBM Campus in Somers during Q3 2018.
  • Rent remained virtually unchanged in Westchester County quarter-over-quarter, at $29.58, although it's up 2.9% year-over-year.
  • Net absorption for the quarter was negative 138,000 sq. ft., but positive 1,050,000 sq. ft. for 2018, largely because of the space withdrawal in Northern Westchester.
  • Quarterly leasing totaled nearly 324,000 sq. ft., the county's best quarter since Q2 2017.