Find Upper East Side 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 Upper East Side commercial real estate broker in Upper East Side's Top Broker Directory. Learn about Upper East Side commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.
The typical asking rate per commerial real estate listing leases is in the $140's per square foot per year. The Upper East Side submarket is going through a an increase in rates. In the last 3 months, the median rate for lease went up $14 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the New York City commercial real estate market, the Upper East Side submarket has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 889 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Upper East Side 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 on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,040 sqft. Most properties in this region are around 5 floors. Most buildings in this market were built close to 1920 and are Class .
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Upper East Side work from home. Commuting between 30 and 45 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 Upper East Side.
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