Gramercy Park Office Space

Gramercy Park

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$90
Median Size (sqft)
1,750
As of: December 2, 2016

Gramercy Park Rates

Compared to the rest of the New York City market, the Gramercy Park region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Gramercy Park Listing Supply

In the last 90 days, 13 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 15% of the available space in the Gramercy Park are subleases, so you might be able to find a shorter term or below market rent. 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 1,750 sqft. Most properties in this region are close to 12 floors. Most buildings in this area were built in 1912 and are Class C.

Gramercy Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the occupants of Gramercy Park work from home. Commuting more than an hour and a half 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 Gramercy Park.
Market Report

Market Data

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