Washington Heights Retail

Washington Heights

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
2,000
As of: July 21, 2017

Washington Heights Rates

On average, listings lease in the $60's per square foot per year. The Washington Heights region is going through a a boost in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 37% rise in rent.

Compared to the rest of the New York City market, the Washington Heights submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Washington Heights Listing Supply

In the last 90 days, 6 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 50% of the listings in the Washington Heights 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.

The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this area were built in 1922 and are Class C.

Washington Heights 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 region. Commute by car is the most popular way to get to work amongst Washington Heights occupants. Commuting approximately 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 Washington Heights.
Market Report

Market Data

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