The availability rate rose by 50 basis points (bps) to 21.5%, the third consecutive quarterly increase.
The average asking lease rate gradually increased at $29.17.
Westchester County recorded 113,788 sq. ft. of leasing activity in Q3 2020, down 31.8% from the previous quarter
Net absorption was negative for the third consecutive quarter at -674,755 SF, due to direct space flowing onto the market.