Morrisania Industrial

Morrisania

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
13,600
As of: August 16, 2017

Morrisania Rates

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

Morrisania Listing Supply

In the last 90 days, 3 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 167% of the available leases in the Morrisania 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.

Even though the median size is 13,600 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 2015 and are Class B.

Morrisania Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the residents of Morrisania work from home. Commuting approximately 20 minutes 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 Morrisania.
Market Report

Market Data

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