Upper East Side Office Space

Upper East Side

Office Space Market Report

Number of Listings (last 90 days)
80
Median Rate ($/sqft/yr)
$127
Median Size (sqft)
1,300
As of: July 26, 2017

Upper East Side Rates

Most listings are in the $130's per square foot per year. The Upper East Side region is experiencing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 4% rise in rent.

Compared to the rest of the New York City market, the Upper East Side region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Upper East Side Listing Supply

In the last 90 days, 80 listings have come on the market, so you'll want to check back regularly for new listings. About 69% of the available space in the Upper East Side 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 900 sqft. Most buildings in this region are approximately 5 stories. Most buildings in this market 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 market. Most of the occupants 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