Upper East Side Office Space

171 E 74th St Unit Mezzanine (Floor 2)
Upper East Side, New York City, NY
Big Apple office space doesn't get much better than 171 E 74th St, a 5-story building in New York's UES neighborhood. Tenants of this commercial office building usually go with Time Warner Cable LLC and Verizon New York Inc. as their Internet provider. Can be combined with 2-2 for 1100SF With the average office space costing $83 per square foot, UES is priced a little bit above New York's average of $65 a square foot. There are currently 34 office buildings listed in this neighborhood and 1843 on the market city-wide. The average size of listings is a sizable 8,520 square feet, much more spacious than the New York city average of 6,850 square feet. Surrounding 171 E 74th St is the UES area's wonderful selection of restaurants and bars. Love Italian food? You'll find plenty of delicious dishes on 171 E 74th St, including Sant Ambroeus Madison Ave, The Meatball Shop, UVA Wine Bar & Restaurant, and Zucchero e Pomodori. Get your caffeine fix at nearby coffee shops — a few in the area include Joe the Art of Coffee and Oren's Daily Roast - at 71st St. B. Cafe - East and Via Quadronno are some of the local cafes you can find in the neighborhood so you'll never have to worry about where to get some lunch. Make your way to a local bakery, such as Francois Payard Patisserie, Lady M Cake Boutique, Maison Kayser, and Orwasher's Bakery, and find some cookies and cakes for dessert tonight. Whether it's an Irish pub or upscale lounge, you'll still find delicious drinks at any of the bars close by, such as Bemelmans Bar, T-Bar Steak & Lounge, and Vero. Looking to try something different? Stop by any of these local eateries, including Arlington Club, Boqueria, Café Boulud, and Candle 79. Everyone will find something fun to do in UES. There's wonderful shopping to be found in the UES area, just a short distance from 171 E 74th St.
171 E 74th St 2 Listings
Uptown, New York City, NY
Big Apple office space doesn't get much better than 171 E 74th St, a 5-story building in New York's UES neighborhood. Tenants of this commercial office building usually go with Time Warner Cable LLC and Verizon New York Inc. as their Internet provider. With the average office space costing $83 per square foot, UES is priced a little bit above New York's average of $65 a square foot. There are currently 34 office buildings listed in this neighborhood and 1843 on the market city-wide. The average size of listings is a sizable 8,520 square feet, much more spacious than the New York city average of 6,850 square feet. Surrounding 171 E 74th St is the UES area's wonderful selection of restaurants and bars. Love Italian food? You'll find plenty of delicious dishes on 171 E 74th St, including Sant Ambroeus Madison Ave, The Meatball Shop, UVA Wine Bar & Restaurant, and Zucchero e Pomodori. Get your caffeine fix at nearby coffee shops — a few in the area include Joe the Art of Coffee and Oren's Daily Roast - at 71st St. B. Cafe - East and Via Quadronno are some of the local cafes you can find in the neighborhood so you'll never have to worry about where to get some lunch. Make your way to a local bakery, such as Francois Payard Patisserie, Lady M Cake Boutique, Maison Kayser, and Orwasher's Bakery, and find some cookies and cakes for dessert tonight. Whether it's an Irish pub or upscale lounge, you'll still find delicious drinks at any of the bars close by, such as Bemelmans Bar, T-Bar Steak & Lounge, and Vero. Looking to try something different? Stop by any of these local eateries, including Arlington Club, Boqueria, Café Boulud, and Candle 79. Everyone will find something fun to do in UES. There's wonderful shopping to be found in the UES area, just a short distance from 171 E 74th St.
12 E 96th St Floor 7
Upper East Side, New York City, NY
The trophy asset, located on the south side of East 96th Street between Fifth and Madison Avenues, offers an exceptional blank canvas for a user or developer to execute a wide variety of potential visions, from boutique condominiums, a mixed-use commercial / residential project, continued use as an educational facility, or a truly historic and one-of-a-kind single family residence. I am Co-Brokering with Cushman & Wakefield who has been retained on an exclusive basis to arrange for the sale of 12 East 96th Street, a 25’ wide townhouse nestled in the heart of Carnegie Hill on the Upper East Side. The elevator serviced townhouse stands seven stories tall and additionally contains a basement and sub-basement below grade. While the townhouse consists of approximately 13,990 gross square feet above grade, the inclusion of the below grade space brings the total size of the asset to approximately 18,375 gross square feet. The nearly one hundred year old property was designed and constructed by well-known architect Ogden Codman, Jr. as a private residence but was later converted for use as a school. The townhouse contains stunning original details, including intricate moldings, multiple fireplaces, a grand staircase, a wood-paneled ballroom, and a wrought-iron balcony. In addition to high ceilings and light-filled rooms, the property also features two terraces, one in the rear of the ground floor and one on the sixth floor. The property lies within the Carnegie Hill Historic District, and therefore any work to the exterior and usage of the additional air rights must be presented to, and approved by, the Landmarks Preservation Commission. Presently, the building is owned and occupied by the prestigious La Scuola d’Italia Guglielmo Marconi, the only Italian bilingual and bicultural school in North America. Due to its approvals for, and current use as, a school, the property allows for immediate occupancy by an educational institution upon the completion of La Scuola’s 2015-2016 academic year in June 2016. Alternatively, the property presents an extraordinary opportunity for conversion to either a single family townhouse, luxury residential condominiums, or a unique mixed-use project. 12 East 96th Street is also located just half-a-block from Central Park and the famed Museum Mile on the Upper East Side, the most established and prestigious residential neighborhood in all of New York City. The Upper East Side is globally recognized for its classic architecture, world-class boutiques and restaurants, respected educational institutions, and deep-rooted commitment to culture. Furthermore, the property is located mere blocks from both public transportation and many of New York City’s most exciting cultural amenities, providing a truly unique opportunity for either continued educational facility use or conversion to luxury, one-of-a-kind residential use.

Upper East Side

Office Space Market Report

Number of Listings (last 90 days)
79
Median Rate ($/sqft/yr)
$99
Median Size (sqft)
3,870
As of: December 5, 2016

Upper East Side Rates

The typical asking rate per listing is in the $90's per square foot per year. The Upper East Side submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 2% increase in rent.

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

Upper East Side Listing Supply

In the last 90 days, 78 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the available leases in the Upper East Side 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,870 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 5 floors. Most buildings in this region were built in 1920 and are Class A.

Upper East Side Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the folk of Upper East Side work from home. Commuting between 30 and 45 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 Upper East Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Upper East Side.
Research