The typical asking rate per listing is in the $0's per square foot per year. The Lenox Hill submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $95 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 43 listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most properties in this region are around 6 floors. Most buildings in this area were built in 1920 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Lenox Hill occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.