Morrisania Office Space

Morrisania

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
3,000
As of: June 22, 2017

Morrisania Rates

On average, listings lease in the $20's per square foot per year. The Morrisania submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $29 per sqft per year.

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

Morrisania Listing Supply

In the last 90 days, 3 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 133% of the available space in the Morrisania are subleases, so you might be able to find a shorter term or below market rent. 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 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 2015 and are Class B.

Morrisania Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Most of the residents of Morrisania work from home. Commuting approximately 20 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 Morrisania.
Market Report

Market Data

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