Turtle Bay Office Space

Turtle Bay

Office Space Market Report

Number of Listings (last 90 days)
114
Median Rate ($/sqft/yr)
$123
Median Size (sqft)
3,360
As of: July 19, 2017

Turtle Bay Rates

Most listings are in the $120's per square foot per year. The Turtle Bay region is experiencing a a boost in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 12% increase in rent.

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

Turtle Bay Listing Supply

In the last 90 days, 114 listings have come on the market, so you'll want to check back regularly for new listings. About 82% of the office spaces in the Turtle Bay are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,360 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 21 stories. Most buildings in this region were built in 1951 and are Class A.

Turtle Bay Community

This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Turtle Bay residents. Commuting around 30 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 Turtle Bay.
Market Report

Market Data

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