Kips Bay Sublease

Kips Bay

Office Space Market Report

Number of Listings (last 90 days)
Median Size (sqft)
As of: October 27, 2016

Kips Bay Rates

Compared to the rest of the New York City market, the Kips Bay submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Kips Bay Listing Supply

In the last 90 days, 14 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces in the Kips Bay are subleases, so you might be able to sign a shorter term by taking over a previous 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 3,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 8 stories. Most buildings in this market were built in 1920 and are Class A.

Kips Bay Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Kips Bay occupants. Commuting around 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 Kips Bay.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Kips Bay.