Gramercy Park Industrial

We couldn't find any industrial spaces for Lease and Sublease

Gramercy Park

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
4,000
As of: August 17, 2017

Gramercy Park Rates

Most listings are in the $80's per square foot per year. The Gramercy Park region is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the New York City market, the Gramercy Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Gramercy Park Listing Supply

In the last 90 days, 22 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 77% of the available leases in the Gramercy Park 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.

Even though the median size is 4,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 10 floors. Most buildings in this area were built in 1912 and are Class C.

Gramercy Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the folk of Gramercy Park work from home. Commuting more than an hour and a half 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 Gramercy Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Gramercy Park.
Research