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: June 28, 2017

Morrisania Rates

Most listings are in the $20's per square foot per year. The Morrisania submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $29 per sqft per year.

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 region.

Morrisania Listing Supply

In the last 90 days, 3 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 133% of the available leases in the Morrisania 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 3,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 stories. 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 area. Most of the residents of Morrisania work from home. Commuting around 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