South Slope Office Space

South Slope

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$90
Median Size (sqft)
1,500
As of: December 8, 2016

South Slope Rates

On average, listings lease in the $80's per square foot per year. The South Slope submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 5% rise in rent.

Compared to the rest of the New York City market, the South Slope submarket has greater rates, and you'll need to make a great offer to be in this hot region.

South Slope Listing Supply

In the last 90 days, 4 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1920.

South Slope Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst South Slope occupants. Commuting between 20 and 25 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 South Slope.
Market Report

Market Data

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