Murray Hill Commercial Real Estate

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Oxford Property Group
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help you go see this space.
90 Park Ave - 2 Spaces Murray Hill, New York City, NY 10'10'' ceiling height and HVAC
Sep 18
12,400 - 13,200
sqft
Office
24 E 39th St - Space Murray Hill, New York City, NY Number Of Buildings.
Jul 27
2,500
sqft
Office Retail
271 Madison Ave - Floor 9 Murray Hill, New York City, NY  
Jul 26
5,160
sqft
Office
53 E 34th St - Unit 200 Murray Hill, New York City, NY  
Jul 21
750
sqft
Office
609 3rd Ave - 2 Spaces Murray Hill, New York City, NY  
Jul 12
220 - 260
sqft
Office
353 Lexington Ave - 2 Spaces Murray Hill, New York City, NY  
Jun 02
2,000 - 5,500
sqft
Sublease Office

Murray Hill

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$86
Median Size (sqft)
2,140

Murray Hill Rates

On average, listings lease in the $80's per square foot per year. The Murray Hill submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 10% decline in rent.

Compared to the rest of the New York City market, the Murray Hill region has higher rates, and you'll need to make a great offer to be in this hot region.

Murray Hill Listing Supply

In the last 90 days, 508 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the available space in the Murray Hill are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,140 sqft. Most buildings in this market are approximately 6 floors. Most buildings in this market were built in 1920 and are Class A.

Murray Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Murray Hill folk. Commuting close to an hour 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 Murray Hill.
Research