Washington Heights Office Space

Washington Heights

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
5,700
As of: December 10, 2016

Washington Heights Rates

The typical asking rate per listing is in the $60's per square foot per year. The Washington Heights submarket is going through a a boost in rates. In the last 3 months, the median rate went up $63 per sqft per year.

Compared to the rest of the New York City market, the Washington Heights region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Washington Heights Listing Supply

In the last 90 days, 8 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,700 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this market were built in 1922 and are Class C.

Washington Heights Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Washington Heights residents. Commuting around an hour and a half 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 Washington Heights.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Washington Heights.
Research