On average, listings lease in the $110's per square foot per year. The Lenox Hill region is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the New York City market, the Lenox Hill submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 556 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available leases in the Lenox Hill are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,690 sqft. Most buildings in this region are around 6 floors. Most buildings in this area were built in 1920 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lenox Hill folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Lenox Hill.
Get email notifications when new listings are posted that match your requirements.