East Harlem Office Space

East Harlem

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$147
Median Size (sqft)
540
As of: June 28, 2017

East Harlem Rates

Most listings are in the $140's per square foot per year. The East Harlem submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $147 per sqft per year.

Compared to the rest of the New York City market, the East Harlem region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

East Harlem Listing Supply

In the last 90 days, 12 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 67% of the listings in the East Harlem 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.

The standard measurement for office space in this area is around 540 sqft. Most properties in this market are close to 5 floors. Most buildings in this region were built in 1920 and are Class A.

East Harlem Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst East Harlem folk. 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 East Harlem.
Market Report

Market Data

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