Sublease in Manhattan

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Manhattan

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
1,270
As of: June 27, 2017

Manhattan Rates

On average, listings lease in the $30's per square foot per year. The Manhattan submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $38 per sqft per year.

Manhattan Listing Supply

In the last 90 days, 10 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Manhattan 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 1,270 sqft. Most buildings in this market are around 1 floors. Most buildings in this area were built in 1984 and are Class A.

Manhattan Community

Market Report

Trends and status of the commercial real estate market in Manhattan.
Market Report

Market Data

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

Manhattan Submarkets