Gramercy Park Retail

Gramercy Park

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
3,300
As of: March 29, 2017

Gramercy Park Rates

Most listings are in the $70's per square foot per year. The Gramercy Park region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the New York City market, the Gramercy Park region has higher rates, and you'll need to pay a premium to be in this hot region.

Gramercy Park Listing Supply

In the last 90 days, 22 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the listings in the Gramercy Park 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,130 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 10 floors. Most buildings in this region were built in 1912 and are Class A.

Gramercy Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the occupants of Gramercy Park work from home. Commuting more than an hour and a half 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 Gramercy Park.
Market Report

Market Data

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