Washington Heights Office Space

Washington Heights

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
10,000
As of: June 23, 2017

Washington Heights Rates

Most listings are in the $40's per square foot per year. The Washington Heights submarket is going through a an increase in rates. In the last 3 months, the median rate went up $46 per sqft per year.

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

Washington Heights Listing Supply

In the last 90 days, 6 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 100% of the available leases in the Washington Heights 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 10,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 5 stories. Most buildings in this region 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 region. Commute by car is the most popular way to get to work amongst Washington Heights residents. Commuting close to 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