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Kips Bay Commercial Real Estate For Lease

218 E 29th St - Space Kips Bay, New York City, NY  
Jun 19
1,500
sqft
Sublease Mixed Use Office Medical

Kips Bay

Market Report

Number of Listings For Lease
Posted in the last 90 days
26
Median Rate ($/sqft/yr)
$106
Median Size (sqft)
330

Kips Bay Commercial Real Estate

Find Kips Bay 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 Kips Bay commercial real estate broker in Kips Bay's Top Broker Directory. Learn about Kips Bay commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Kips Bay Rates

On average, commerial real estate listings lease in the $90's per square foot per year. The Kips Bay region is going through a a boost in rates. In the last 3 months, the median rate for lease increased $11 per sqft per year. That's a 14% rise in rent.

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

Kips Bay Listing Supply

In the last 90 days, 479 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available commercial real estate leases in the Kips Bay are subleases, so you will probably have to consider a longer term lease. 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 450 sqft. Most buildings in this region are approximately 8 stories. Most buildings in this market were built close to 1916 and are Class .

Kips Bay Community

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 walking is the most popular way to get to work amongst Kips Bay residents. Commuting around an hour and a half 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 Kips Bay.
Research