Murray Hill Office Space

110 E 40th St Floor 8
Murray Hill, New York City, NY
Named The Suite, this office can accommodate up to two working professionals and can be lit completely by natural light during the day, this office offers a slightly more private feel as it is the furthest from all other offices, the air conditioning is always moderated for that just right feeling, A couple steps from away from the office is the large, spacious conference room that can be used free of charge along with the rest of the office amenities, the conference room also has a monitor which allows for videoconferencing and large group dynamics, nearby, bathrooms are located within our section of the floor so clean, private access is available, located closer to the conference room is our food section, we supply a refrigerator, pantry, microwave, and other sorts of amenities to create a calm and comforting atmosphere, not only being a mere two blocks away from two major subway lines and only about a three minute walk away from prestigious Grand Central itself, the location of our offices are off Park Avenue providing you the high status that your company deserves in the heart of the city' s premier business district, standing at the 8th story, our offices help to reduce the impact of street noise, and they also offer a wondrous view of the bustling streets, only three blocks away is an urban oasis, Bryant Park, which allows for the brief but precious change of scenery that everyone needs, on our block alone there are several places that are primed for business luncheons that will almost certainly impress your clients, the specific locations of our offices are located at the conveniently at the rear of the of the building, allowing for an ample amount of sunlight to enter the room and rejuvenate your workspace while providing a more open feel to your office, and these offices are brand new, so that new, pristine feel will only complement the already great impressions of your clients

Murray Hill

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
1,800
As of: December 3, 2016

Murray Hill Rates

The typical asking rate per listing is in the $60's per square foot per year. The Murray Hill submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 30% decrease in rent.

Compared to the rest of the New York City market, the Murray Hill region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Murray Hill Listing Supply

In the last 90 days, 25 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 12% of the available space in the Murray Hill are subleases, so you might be able to snag a great spot on a short term. 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 1,800 sqft. Most buildings in this area are around 6 floors. Most buildings in this market were built in 1920 and are Class A.

Murray Hill 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 area. Commute by car is the most popular way to get to work amongst Murray Hill residents. Commuting around an hour 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 Murray Hill.
Market Report

Market Data

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