Lenox Hill Retail

Lenox Hill

Office Space Market Report

Number of Listings (last 90 days)
49
Median Rate ($/sqft/yr)
$114
Median Size (sqft)
7,370
As of: December 10, 2016

Lenox Hill Rates

The typical asking rate per listing is in the $110's per square foot per year. The Lenox Hill region is going through a a boost in rates. In the last 3 months, the median rate rose $19 per sqft per year. That's a 19% increase in rent.

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

Lenox Hill Listing Supply

In the last 90 days, 49 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available leases in the Lenox Hill are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 7,370 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 6 stories. Most buildings in this market were built in 1920 and are Class A.

Lenox Hill Community

A large portion of this area is residential, but there's plenty of office_space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Lenox Hill folk. Commuting between 30 and 45 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 Lenox Hill.
Market Report

Market Data

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