Harlem Office Space

Harlem

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$133
Median Size (sqft)
3,210
As of: May 20, 2017

Harlem Rates

On average, listings lease in the $130's per square foot per year. The Harlem region is seeing a a boost in rates. In the last 3 months, the median rate rose $95 per sqft per year. That's a 248% increase in rent.

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

Harlem Listing Supply

In the last 90 days, 16 listings have been made available, which means new availabilities might be going fast. 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 3,210 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 5 stories. Most buildings in this market were built in 1920 and are Class A.

Harlem Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the folk of Harlem work from home. Commuting around 20 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 Harlem.
Market Report

Market Data

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