Kips Bay Industrial

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

Kips Bay

Office Space Market Report

Number of Listings (last 90 days)
43
Median Rate ($/sqft/yr)
$78
Median Size (sqft)
2,010
As of: May 25, 2017

Kips Bay Rates

On average, listings lease in the $70's per square foot per year. The Kips Bay region is seeing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 4% rise in rent.

Compared to the rest of the New York City market, the Kips Bay region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Kips Bay Listing Supply

In the last 90 days, 43 listings have been made available, so you'll want to check back regularly for new listings. About 16% of the listings in the Kips Bay are subleases, so you might be able to find a shorter term or below market rent. 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 measurement for office space in this area is around 2,010 sqft. Most buildings in this market are close to 8 stories. Most buildings in this region were built in 1920 and are Class A.

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 region. Commute by walking is the most popular way to get to work amongst Kips Bay occupants. Commuting approximately 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 Kips Bay.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Kips Bay.
Research