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)
$71
Median Size (sqft)
3,710
As of: March 12, 2017

Kips Bay Rates

On average, listings lease in the $70's per square foot per year. The Kips Bay submarket is seeing a a rise 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 greater rates, and you'll need to make a great offer to be in this hot region.

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 12% of the listings in the Kips Bay are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,710 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 9 stories. Most buildings in this market 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 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