The typical asking rate per listing is in the $110's per square foot per year. The Lenox Hill submarket is going through a a rise in rates. In the last 3 months, the median rate increased $119 per sqft per year.
Compared to the rest of the New York City market, the Lenox Hill region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 43 listings have come on the market, so you'll want to check back regularly for new listings. About 116% of the listings in the Lenox Hill 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 5,240 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 6 floors. Most buildings in this region were built in 1920 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Lenox Hill residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.