Greenwood Heights Sublease

Greenwood Heights

Office Space Market Report

Number of Listings (last 90 days)
35
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
10,750
As of: January 22, 2017

Greenwood Heights Rates

Most listings are in the $30's per square foot per year. The Greenwood Heights submarket is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 18% decrease in rent.

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

Greenwood Heights Listing Supply

In the last 90 days, 35 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Greenwood Heights are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 10,750 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 6 floors. Most buildings in this area were built in 1956 and are Class A.

Greenwood Heights Community

A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Greenwood Heights occupants. 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 Greenwood Heights.
Market Report

Market Data

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