Compared to the rest of the New York City market, the Civic Center region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 99 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the listings in the Civic Center are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this area were built in 1915 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Civic Center occupants. Commuting under 5 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 Civic Center.
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