South Bronx Office Space

South Bronx

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
5,000
As of: February 22, 2017

South Bronx Rates

The typical asking rate per listing is in the $10's per square foot per year. The South Bronx submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 49% decrease in rent.

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

South Bronx Listing Supply

In the last 90 days, 8 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this area were built in 1931 and are Class A.

South Bronx 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 folk of South Bronx work from home. Commuting approximately 10 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 South Bronx.
Market Report

Market Data

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