East Harlem Industrial

East Harlem

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$147
Median Size (sqft)
1,910
As of: May 20, 2017

East Harlem Rates

Most listings are in the $140's per square foot per year. The East Harlem submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $108 per sqft per year. That's a 283% increase in rent.

Compared to the rest of the New York City market, the East Harlem region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

East Harlem Listing Supply

In the last 90 days, 12 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,910 sqft. Most buildings in this area are approximately 5 floors. Most buildings in this area were built in 1920 and are Class A.

East Harlem Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst East Harlem occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in East Harlem.
Market Report

Market Data

Real time and historical data on commercial real estate listings in East Harlem.
Research