2023 Office Space Rent & Sales
- $36.97 2023 Avg. Asking Rent
- -0.07% Y-o-Y Avg. Asking Rent Change
- 22.09% 2023 Office Vacancy Rate
Purchase office price per square foot in 2023 was $36.97 on average. This marked a -0.07% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 22.09% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- New York Class A & A+ Office Space$64.56
- New York Class B Office Space$36.62
- New York Class C Office Space$45.97
Purchase, NY Office Asking Rents by Class
Office Spaces for Rent in New York
Coworking Spaces in New York
- New York City Coworking Space
- Manhattan Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Boston Coworking Space
- Charlotte Coworking Space
- Philadelphia Coworking Space
- Cincinnati Coworking Space
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- Grand Rapids Coworking Space
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Centre at Purchase - 3 Manhattanville Road | 3 Manhattanville Road, 10577 | 104,875 | 1990 |
| 100 Manhattanville Road | 100 Manhattanville Road, 10577 | 279,180 | 1986 |
| The Centre at Purchase - 4 Manhattanville Road | 4 Manhattanville Road, 10577 | 244,012 | 1984 |
| The Centre at Purchase - 2 Manhattanville Road | 2 Manhattanville Road, 10577 | 171,031 | 1984 |
| The Centre at Purchase - 1 Manhattanville Road | 1 Manhattanville Road, 10577 | 156,572 | 1984 |
| The Centre At Purchase Building 4 | 4 Manhattanville Road, 10577 | 190,137 | 1983 |
| 244 Westchester Avenue | 244 Westchester Avenue, 10528 | 84,000 | 1983 |
| Harrison Executive Park | 3020 Westchester Avenue, 10528 | 59,146 | 1973 |
| Purchase Professional Park - 3000, 3010 & 3020 Westchester Avenue | 3000 Westchester Avenue, 10577 | 135,000 | 1969 |
| Westchester Medical Campus | 210 Westchester Avenue, 10604 | 276,000 | 1967 |
Worth noting among recent office completions on the Purchase market is The Centre at Purchase - 3 Manhattanville Road, which is currently the largest new office development in the city, at 104,875 square feet.
See reports for other markets
- Manhattan Office Rent Price
- Brooklyn Office Rent Price
- Albany Office Rent Price
- Buffalo Office Rent Price
- Melville Office Rent Price
- White Plains Office Rent Price
- Hauppauge Office Rent Price
- Rochester Office Rent Price
- Chicago Office Rent Price
- Dallas Office Rent Price
- Miami Office Rent Price
- San Diego Office Rent Price
- Phoenix Office Rent Price
- Houston Office Rent Price
- Los Angeles Office Rent Price
- Seattle 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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Purchase 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.