White Plains Real‑Estate Market Trends 2025: Prices, Demand & Outlook

White Plains is at the center of a rapidly evolving Westchester County real estate market. Commercial and residential sectors are adapting to hybrid work models, e‑commerce growth and changing consumer preferences. Here’s what you need to know about 2025 market dynamics.

Office Space: Shrinking Yet Smarter

The office market has been recalibrating in response to hybrid work arrangements. Over the past 15 years, total office inventory has fallen from 35 million to about 26 million square feet. Landlords are repurposing outdated buildings into flexible, high‑tech spaces and repositioning them for mixed‑use developments. While demand has slowed, pricing for prime locations remains stable as owners anticipate renewed interest.

Industrial Sector: The Rising Star

Driven by e‑commerce and logistics demands, industrial real estate is surging. Westchester’s proximity to New York City makes it a hotspot for warehouses and last‑mile distribution hubs. Many new facilities incorporate energy‑efficient designs and green certifications to meet sustainability goals.

Retail Renaissance

Retail isn’t dead—it’s being reinvented. Shopping centers and malls are adopting experiential concepts to draw modern consumers. The Westchester Mall in downtown White Plains, celebrating its 30th anniversary, has added retailers like GOAT USA, Aroma360 and Rivian. Meanwhile, projects like the redevelopment of the former Galleria Mall and the new headquarters of the New York Power Authority are revitalizing surrounding retail corridors.

Adaptive Reuse & Mixed‑Use Development

Rather than letting vacant buildings languish, developers are embracing adaptive reuse. Former industrial sites and underutilized office towers are being transformed into mixed‑use complexes blending residential, retail and workspace. In White Plains, flexible design and modern amenities are breathing new life into aging properties.

Residential Market: Strong Demand and Rising Prices

White Plains’ residential market continues to heat up. According to market data, the typical home value rose 9.2 % over the past year to about $751,314, and properties spend just 24 days on the market. Buyers are fiercely competing for limited inventory, while renters are drawn to new developments like The Continuum and City Square. Projects such as these are expected to drive property values even higher.

Challenges & Opportunities

Investors should be mindful of rising insurance costs and inflation, which are adding pressure to some deals. However, falling interest rates and a stabilizing economy have restored confidence, encouraging major firms to inject capital into real estate. Those willing to adapt to new work patterns and sustainability requirements are poised to succeed.

Outlook

The 2025 outlook for White Plains real estate is one of cautious optimism. Demand across sectors remains resilient, but success will hinge on flexibility, sustainability and strategic investment. For more details, read the full analysis from Rakow Group’s 2025 market trends and our White Plains Real Estate Guide.