Washington Heights Retail

Washington Heights

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
10,000
As of: May 28, 2017

Washington Heights Rates

The typical asking rate per listing is in the $40's per square foot per year. The Washington Heights region is going through a decrease in rates. In the last 3 months, the median rate decreased $43 per sqft per year. That's a 48% decline in rent.

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

Washington Heights Listing Supply

In the last 90 days, 6 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 10,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this region 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 folk. Commuting close to 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