Murray Hill Industrial

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

Murray Hill

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
1,800
As of: December 4, 2016

Murray Hill Rates

The typical asking rate per listing is in the $60's per square foot per year. The Murray Hill submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 30% decrease in rent.

Compared to the rest of the New York City market, the Murray Hill region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Murray Hill Listing Supply

In the last 90 days, 25 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 12% of the available space in the Murray 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 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 1,800 sqft. Most buildings in this area are around 6 floors. Most buildings in this market were built in 1920 and are Class A.

Murray Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Murray Hill residents. Commuting around an hour 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 Murray Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Murray Hill.
Research