The typical asking rate per listing is in the $110's per square foot per year. The Lenox Hill submarket is going through a a rise in rates. In the last 3 months, the median rate rose $19 per sqft per year. That's a 19% rise in rent.
Compared to the rest of the New York City market, the Lenox Hill region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 48 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available leases in the Lenox Hill are subleases, so you will probably have to focus your search on direct office leases. 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 7,370 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 6 floors. Most buildings in this market were built in 1920 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Construction is the dominant industry in this region. 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.