North Slope Retail

North Slope

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$58
Median Size (sqft)
660
As of: July 22, 2017

North Slope Rates

On average, listings lease in the $50's per square foot per year. The North Slope submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 12% decline in rent.

Compared to the rest of the New York City market, the North Slope region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

North Slope Listing Supply

In the last 90 days, 5 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available space in the North Slope are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 660 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1920 and are Class C.

North Slope Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst North Slope occupants. Commuting between 20 and 25 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 North Slope.
Market Report

Market Data

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