What is the average asking rent for office space in Rochester?

As of Q2 2026, the average asking rent for office space in Rochester was $17.50/SF/yr, per Cushman & Wakefield.

What is the office vacancy rate in Rochester?

The office vacancy rate in Rochester was 19.9% as of Q2 2026 (Cushman & Wakefield).

Where does CREhunt's Rochester market data come from?

This report aggregates quarterly office market data for Rochester from Cushman & Wakefield.

Rochester Office Market Report

By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield

Quarterly office market indicators for Rochester, aggregated by CREhunt from Cushman & Wakefield. As of Q2 2026, average asking rent was $17.50/SF/yr and vacancy was 19.9%, per Cushman & Wakefield.

Projected current office pricing — Rochester

Projected asking rent

$17.50/SF/yr

Estimated sale value

$81–$139/SF

Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Rochester office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent held flat). Assumes ~80% occupancy and a 50–65% net-operating-income margin.

Quarter	Asking rent	Vacancy	Net absorption	Under constr.	Source
Q2 2026 Cushman & Wakefield	$17.50/SF/yr	19.9%	63K SF	—	Cushman & Wakefield
Q4 2025 Cushman & Wakefield	$17.50/SF/yr	—	—	—	Cushman & Wakefield
Q4 2021 Cushman & Wakefield	$56.40/SF/yr	3.6%	2K SF	—	Cushman & Wakefield

Office asking rents by submarket

The newest asking rent a named brokerage's report published for each Rochester office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.

Rochester office asking rents by submarket, with source
Submarket	Asking rent	Source
CBD	$17.00/SF/yr Cushman & Wakefield · Q2 2026	Cushman & Wakefield, Q2 2026
South-Central	$17.50/SF/yr Cushman & Wakefield · Q2 2026	Cushman & Wakefield, Q2 2026
South-East	$18.75/SF/yr Cushman & Wakefield · Q2 2026	Cushman & Wakefield, Q2 2026

Frequently asked questions

What is the average asking rent for office space in Rochester?: As of Q2 2026, the average asking rent for office space in Rochester was $17.50/SF/yr, per Cushman & Wakefield.
What is the office vacancy rate in Rochester?: The office vacancy rate in Rochester was 19.9% as of Q2 2026 (Cushman & Wakefield).
Where does CREhunt's Rochester market data come from?: This report aggregates quarterly office market data for Rochester from Cushman & Wakefield.

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