Kips Bay Retail

Kips Bay

Office Space Market Report

Number of Listings (last 90 days)
41
Median Rate ($/sqft/yr)
$69
Median Size (sqft)
3,300
As of: January 23, 2017

Kips Bay Rates

The typical asking rate per listing is in the $60's per square foot per year. The Kips Bay submarket is going through a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 11% increase in rent.

Compared to the rest of the New York City market, the Kips Bay submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Kips Bay Listing Supply

In the last 90 days, 41 listings have been made available, so you'll want to check back regularly for new listings. About 17% of the available leases in the Kips Bay are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,300 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 9 stories. Most buildings in this region were built in 1920 and are Class A.

Kips Bay Community

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

Market Data

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