Civic Center Sublease

Civic Center

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Civic Center Rates

Most listings are in the $70's per square foot per year. The Civic Center region is experiencing a an increase in rates. In the last 3 months, the median rate increased $73 per sqft per year. That's a Inf% increase in rent.

Compared to the rest of the New York City market, the Civic Center submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Civic Center Listing Supply

In the last 90 days, 3 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Civic Center 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,320 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 5 floors. Most buildings in this region were built in 1915 and are Class B.

Civic Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Civic Center folk. Commuting under 5 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 Civic Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Civic Center.