Turtle Bay Office Space

Turtle Bay

Office Space Market Report

Number of Listings (last 90 days)
1,335
Median Rate ($/sqft/yr)
$111
Median Size (sqft)
3,500
As of: August 17, 2017

Turtle Bay Rates

Most listings are in the $110's per square foot per year. The Turtle Bay region is going through a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the New York City market, the Turtle Bay submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Turtle Bay Listing Supply

In the last 90 days, 114 listings have been listed, so you'll want to check back regularly for new listings. About 53% of the available space in the Turtle Bay 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,500 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 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 occupants. Commuting close to 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