Murray Hill Office Space

110 E 40th St 2 Spaces
Murray Hill, New York City, NY

Murray Hill

Office Space Market Report

Number of Listings (last 90 days)
70
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
2,530
As of: August 17, 2017

Murray Hill Rates

Most listings are in the $80's per square foot per year. The Murray Hill submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 0% rise in rent.

Compared to the rest of the New York City market, the Murray Hill submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

Murray Hill Listing Supply

In the last 90 days, 70 listings have been made available, so you'll want to check back regularly for new listings. About 66% of the available space in the Murray Hill 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,970 sqft. Most properties in this area are approximately 6 floors. Most buildings in this area 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 market. Commute by car is the most popular way to get to work amongst Murray Hill residents. Commuting approximately 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