Civic Center Retail

Civic Center

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
4,000
As of: July 23, 2017

Civic Center Rates

The typical asking rate per listing is in the $60's per square foot per year. The Civic Center region is going through a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 4% increase in rent.

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

Civic Center Listing Supply

In the last 90 days, 21 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 52% of the available leases in the Civic Center 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 5 stories. Most buildings in this region were built in 1915 and are Class A.

Civic Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Civic Center folk. Commuting under 5 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 Civic Center.
Market Report

Market Data

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