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Compared to the rest of the New York City commercial real estate market, the Murray Hill region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 180 days, 40 commercial real estate listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 3% of the available commercial real estate leases in the Murray 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 posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,130 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built around 1992 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Murray Hill occupants. Commuting close to 10 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 Murray Hill.
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