Park Avenue Office Space

Park Avenue

Office Space Market Report

Number of Listings (last 90 days)
Median Size (sqft)
As of: October 25, 2016

Park Avenue Rates

The typical asking rate per listing is in the $0's per square foot per year. The Park Avenue submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $40 per sqft per year. That's a 100% decline in rent.

Park Avenue Listing Supply

In the last 90 days, 1 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Park Avenue 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 posted, so finding a space for a small business might be tough.

Even though the median size is 6,800 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area were built in 1925.

Park Avenue Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Park Avenue residents. Commuting between 30 and 45 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 Park Avenue.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Park Avenue.