On average, listings lease in the $50's per square foot per year. The Hamilton Heights region is experiencing a a boost in rates. In the last 3 months, the median rate increased $53 per sqft per year.
Compared to the rest of the New York City market, the Hamilton Heights region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 26 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 5 floors. Most buildings in this market were built in 1924.
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 market. Commute by bike is the most popular way to get to work amongst Hamilton Heights residents. Commuting around 15 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 Hamilton Heights.
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