Most listings are in the $30's per square foot per year. The East Harlem region is experiencing a a boost in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 45% increase in rent.
Compared to the rest of the New York City market, the East Harlem submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 15 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 8,040 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this region were built in 1920 and are Class A.
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 area. Commute by bike is the most popular way to get to work amongst East Harlem occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.