Vinegar Hill Sublease

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Vinegar Hill

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$62
Median Size (sqft)
6,700
As of: June 25, 2017

Vinegar Hill Rates

On average, listings lease in the $60's per square foot per year. The Vinegar Hill submarket is going through a a boost in rates. In the last 3 months, the median rate increased $62 per sqft per year.

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

Vinegar Hill Listing Supply

In the last 90 days, 4 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 75% of the available leases in the Vinegar Hill are subleases, so you might be able to snag a great spot on a short term. 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 6,700 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 6 floors. Most buildings in this market were built in 1920 and are Class B.

Vinegar Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Vinegar Hill residents. 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 Vinegar Hill.
Market Report

Market Data

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