New York Metropolitan Area Commercial Real Estate

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1351 Prospect Ave - Space Morrisania, New York City, NY  
Sep 23
800
sqft
Retail
45 N Broadway - 3 Spaces Greenburgh, NY divisible
Sep 23
1,120 - 6,810
sqft
Retail
250 Tarrytown Rd - Space Greenburgh, NY former Joyce Leslie
Sep 23
18,000
sqft
Retail
6665 Broadway - Unit 6667 Riverdale, New York City, NY  
Sep 23
900
sqft
Retail
1 Cragwood Rd - Unit 303 South Plainfield, NJ lease rate negotiable
Sep 23
17,240
sqft
Sublease Office
83 E Main St - Space Smithtown, Smithtown, NY  
Sep 23
12,060
sqft
Retail
27 Main St - Space Downtown Yonkers, Yonkers, NY divisible
Sep 23
3,000
sqft
Office
1 Labriola Ct - Space North Castle, NY 14 foot ceiling height and two loading docks
Sep 23
4,120
sqft
Industrial Mixed Use
150 Varick St - 2 Spaces SoHo, New York City, NY Lobby Attendant, Freight Elevator, and On Site Security.
Sep 23
2,850 - 10,000
sqft
Retail Industrial Office
42-26 13th St - Floor 1 Long Island City, New York City, NY 17 foot ceiling height
Sep 23
3,480
sqft
Industrial Office
18-02 Petracca Pl - Space College Point, New York City, NY divisible
Sep 23
15,000
sqft
Industrial
708 3rd Ave - Floor 1 Greenwood Heights, New York City, NY HVAC and one drive in door
Sep 23
7,500
sqft
Industrial Office Retail
1065 Elton St - Entire Building East New York, New York City, NY  
Sep 23
9,300
sqft
Mixed Use Retail
4 N Broad St - Space Hanover Academy, Trenton, NJ rate negotiable
Sep 23
910
sqft
Retail
1201 Broadway - Space NoMad, New York City, NY  
Sep 23
13,670
sqft
Sublease Office
853 Broadway - Floor 9 Greenwich Village, New York City, NY  
Sep 23
700
sqft
Live/Work Office
2 MetroTech Roadway - 2 Spaces Downtown Brooklyn, New York City, NY  
Sep 22
5,000 - 10,000
sqft
Sublease Office
200 W 57th St - Space Theater District, New York City, NY  
Sep 22
3,500
sqft
Sublease Office Medical
57 W 57th St - Space Midtown East, New York City, NY  
Sep 22
1,900
sqft
Sublease Office Medical
24 Commerce St - Space Newark, NJ access to a conference room, kitchen and reception
Sep 22
500
sqft
Sublease Office
208 Bowery - Unit 2 (Floor 2) NoLita, New York City, NY  
Sep 22
1,500
sqft
Office
90 E Halsey Rd - 2 Spaces , NJ  
Sep 22
250 - 7,590
sqft
Office

New York Metropolitan Area

Market Report

Number of Listings
Posted in the last 90 days
546
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
3,100

New York Metropolitan Area Office & Commercial Space

One of the top commercial property markets in the world, the New York Metropolitan Area can easily meet the office rental spaces for your business, no matter its size. With New York City as its financial center, the New York Metro region attracts both business and tourism, making it the perfect location for your business venture. Office space is readily available, ranging in size from 200 to 40,000 square feet, perfect for any retail, restaurant, industrial, or medical building requirements.

More expensive rental properties for lease in the state of New York, including office space for rent and commercial space for rent, are found in the more densely populated neighborhood zones and sections of New York City, such as Manhattan and Queens, while less expensive rental properties can be found in the Newark and Trenton areas, both offering quick commutes to the city center, but at more reasonable prices. Manhattan office spaces range anywhere from $28-$65 per square foot, while those in Newark begin at only $12 per square foot.

New York Metropolitan Area Economic Overview

The New York Metropolitan Area is one of the most vital economic regions of the world, with a gross metropolitan product of $1.28 trillion, only trailing behind world leader, Tokyo, Japan. The NYC economy has rebounded from the stock market crisis of 2008 and has experienced steady growth. The financial hub of Wall Street, home to the New York Stock Exchange and NASDAQ, is one of the key pillars of economic life in NYC, making New York and the surrounding metro area appealing for investors and business owners.

Many of the nation’s industries, from finance and international banking and trade to biotechnology and manufacturing, are headquartered in the Metro area. Entertainment and news media also make a heavy footprint in the region. The headquarters of Reuters, The New York Times, Associated Press, NBC Universal, Fox News, and Time Warner are just a few of the news and media agencies that call New York home. The ports of New Jersey provide further economic stimulus to the area, as they serve as major shipping terminals, connecting the United States to the international world.

CNN Money has ranked the New York Metropolitan Area as one of the Top 10 smartest areas in the United States. In residents over 25 years of age, more than 50% have completed some amount of college education, clearly evidenced in the abundance of educational institutions found throughout the region. Several universities such as New York University and Rockefeller University can be found here, as can three Ivy League Schools. Drawing the best and the brightest to the region, Columbia, Princeton, and Yale Universities are all located in the greater Metro area.

New York Metropolitan Area At A Glance

From sports teams to prominent cultural institutions and performing arts venues such as Broadway and Newark’s Prudential Center, the Metropolitan area is a hub of activity, attracting residents and visitors to its many activities. Landmarks such as the Statue of Liberty, the Empire State Building, Rockefeller Center, and Times Square draw tourists from the world over.

Transportation options abound throughout the Metro area. The many stops along the New York City subway make travel to work quite accommodating for residents. Further options of travel include several commuter rails and bus lines such as the Long Island Rail Road, major highways, bridges, and tunnels, easily connecting commuters to employment opportunities. Three large airports also serve the region, including LaGuardia, John F. Kennedy International Airport, and Newark Liberty International.

New York Metropolitan Area History

The New York Metropolitan Area features a wide variety of communities, many of which have evolved in a unique fashion that is largely independent of New York City, the largest city by population in the United States. The numerous economic opportunities that resulted from close proximity to the Hudson River have ensured that communities situated on the northern outskirts of the metropolitan area have retained a level of economic vibrancy that has helped the state continue to thrive. As a general rule, the New York Metropolitan Area was created by developing a unique classification for communities in New Jersey, New York, Connecticut and Pennsylvania, which relied upon one another for trade and other economic interactions. Many of these communities, including New York City itself, were first founded during the British colonial efforts on the continent.

New York Metropolitan Area Population

With a population of over 22 million, the New York Metropolitan area is the most populated region in all of the United States. Geographically and ethnically diverse, the region is home to the largest Jewish community outside Israel and also has large concentrations of Indian and Asian Americans, most notably from China and Korea. Other ethnicities represented in the Metro area include large Italian and African American populations.

The median age of residents within the region is approximately 38, with the largest groups being between 25-64 years of age. 30% of the residents of the area have children, while close to half of all households are comprised of married couples. Due to the extreme wealth of the Metro Area, the cost of living in the region ranks among the highest in the country, with an average combined family income of $108,000. Single households average approximately $90,000.

Trends Of New York Metropolitan Area

As could probably be expected, the New York Metropolitan Area is expected to grow significantly in upcoming years on both a population and economic level. The sheer diversity of the numerous business establishments found here has helped the region develop a sustainable platform on which future growth can occur.

Where to Lease in New York Metropolitan Area

Retail and commercial real estate options are quite plentiful in the area, but the spaces closer to the city center carry a heavier price tag for business owners. If you wish to be in the heart of commerce and culture, Midtown Manhattan is the perfect location for your business, where the city’s tallest skyscrapers and most prominent apartment buildings and hotels can be found. Newly constructed and renovated spaces dot the landscape of the redeveloped city skyline of ethnically diverse Queens, most notably the Citibank Building, a 500-foot tall skyscraper. It is important to keep in mind, however, that these areas fetch a price tag beginning at approximately $30 per square foot. If you prefer affordable locations, look outside of the city center in areas such as Trenton, NJ or New Haven, CT, where square footage can be found for less than $10 per square foot, but still within easy reach of the city.

Learn More About the New York Metropolitan Area

Market Data

Real time and historical data on commercial real estate listings in New York Metropolitan Area.
Research