On average, listings lease in the $150's per square foot per year. The Rockefeller Center region is experiencing a an increase in rates. In the last 3 months, the median rate rose $40 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the New York City market, the Rockefeller Center submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 166 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Rockefeller Center 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.
Even though the median size is 3,880 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 25 stories. Most buildings in this market were built in 1935 and are Class A.
Public administration is the dominant industry in this region. Most of the occupants of Rockefeller Center work from home. Commuting more than an hour and a half 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 Rockefeller Center.
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