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In the white Plains CBD, formerly the home of most of the county's large availabilities, only three blocks greater than 50,000 SF remain, down from nine at the end of 2003.
Even with those large availabilities, White Plains still made major progress in 2004 as positive absorption totaling 228,300 SF of space enabled a 21% drop in available space to 877,070 SF and a dip in the availability rate of almost four percentage points to 14.
11, companies feverishly sought to offset costs by releasing surplus space, flooding the market with availabilities at time when demand was extremely low By midyear 2002, sublease space had grown to 18% of the county's total availability.
The Midtown South submarket continued to experience declining availabilities and climbing rental rates.
4 percent, upsetting five straight quarters of diminishing availabilities.