Kips Bay Office Space

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Ingram & Hebron Realty
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419 Park Ave S - 2 Spaces Kips Bay, New York City, NY  
Jul 06
1,600
sqft
Office
419 Park Ave S - Floor 7 Kips Bay, New York City, NY  
Jul 06
1,600
sqft
Office
387 Park South - 3 Spaces Kips Bay, New York City, NY  
Jun 28
1,840 - 4,400
sqft
Office
218 E 29th St - Space Kips Bay, New York City, NY  
Jun 19
1,500
sqft
Sublease Mixed Use Office Medical

Kips Bay

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
1,840

Kips Bay Rates

On average, listings lease in the $70's per square foot per year. The Kips Bay submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $54 per sqft per year. That's a 40% decline in rent.

Compared to the rest of the New York City market, the Kips Bay submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Kips Bay Listing Supply

In the last 90 days, 479 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the listings in the Kips Bay 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 1,840 sqft. Most buildings in this market are close to 8 floors. Most buildings in this market were built in 1920 and are Class A.

Kips Bay Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Kips Bay folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Kips Bay.
Research