Harlem Retail

Harlem

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$102
Median Size (sqft)
1,000
As of: July 27, 2017

Harlem Rates

Most listings are in the $100's per square foot per year. The Harlem region is seeing a decrease in rates. In the last 3 months, the median rate decreased $32 per sqft per year. That's a 24% decline in rent.

Compared to the rest of the New York City market, the Harlem region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Harlem Listing Supply

In the last 90 days, 16 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 81% of the office spaces in the 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,400 sqft. Most buildings in this region are close to 5 floors. Most buildings in this region were built in 1920 and are Class A.

Harlem 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 region. Most of the occupants of Harlem work from home. Commuting around 20 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 Harlem.
Market Report

Market Data

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