Turtle Bay Retail

Turtle Bay

Office Space Market Report

Number of Listings (last 90 days)
114
Median Rate ($/sqft/yr)
$110
Median Size (sqft)
4,680
As of: May 22, 2017

Turtle Bay Rates

The typical asking rate per listing is in the $100's per square foot per year. The Turtle Bay submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 4% rise in rent.

Compared to the rest of the New York City market, the Turtle Bay submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

Turtle Bay Listing Supply

In the last 90 days, 114 listings have come on the market, so you'll want to check back regularly for new listings. About 19% of the available space in the Turtle 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,680 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 21 floors. Most buildings in this market were built in 1952 and are Class A.

Turtle Bay Community

This market is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Turtle Bay occupants. Commuting around 30 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 Turtle Bay.
Market Report

Market Data

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