Central Harlem Retail Space For Lease

Central Harlem

Market Report

Number of Listings For Lease
Posted in the last 90 days
17
Median Rate ($/sqft/yr)
$81
Median Size (sqft)
310

Central Harlem Commercial Real Estate

Find Central Harlem commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Central Harlem commercial real estate broker in Central Harlem's Top Broker Directory. Learn about Central Harlem commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Central Harlem Rates

Most commerial real estate listings for lease are in the $90's per square foot per year. The Central Harlem submarket is seeing a a rise in rates. In the last 3 months, the median rate for lease went up $40 per sqft per year. That's a 68% increase in rent.

Compared to the rest of the New York City commercial real estate market, the Central Harlem region has higher rates for rent, and you may need to pay a premium to be in this hot submarket.

Central Harlem Listing Supply

In the last 90 days, 172 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate space in the Central Harlem 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 posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,080 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this area were built close to 1910 and are Class .

Central Harlem Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central Harlem residents. Commuting close to 10 minutes 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 Central Harlem.
Research