Central Harlem Retail

Central Harlem

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
6,710
As of: July 28, 2017

Central Harlem Rates

On average, listings lease in the $50's per square foot per year. The Central Harlem region is going through a a boost in rates. In the last 3 months, the median rate rose $59 per sqft per year.

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

Central Harlem Listing Supply

In the last 90 days, 3 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Central Harlem 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 6,710 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 5 stories. Most buildings in this area were built in 1910 and are Class A.

Central Harlem Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central Harlem residents. Commuting around 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 Central Harlem.
Market Report

Market Data

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