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)
26
Median Rate ($/sqft/yr)
$62
Median Size (sqft)
3,620
As of: December 2, 2016

Kips Bay Rates

The typical asking rate per listing is in the $60's per square foot per year. The Kips Bay submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 12% decrease in rent.

Compared to the rest of the New York City market, the Kips Bay submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Kips Bay Listing Supply

In the last 90 days, 27 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 19% of the available space in the Kips Bay 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,620 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 8 stories. Most buildings in this market were built in 1920 and are Class B.

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 market. Commute by walking is the most popular way to get to work amongst Kips Bay folk. Commuting close to 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