Lenox Hill Sublease

Lenox Hill

Office Space Market Report

Number of Listings (last 90 days)
43
Median Rate ($/sqft/yr)
$87
Median Size (sqft)
2,040
As of: March 12, 2017

Lenox Hill Rates

The typical asking rate per listing is in the $80's per square foot per year. The Lenox Hill region is going through a decline in rates. In the last 3 months, the median rate decreased $26 per sqft per year. That's a 23% decline in rent.

Compared to the rest of the New York City market, the Lenox Hill submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.

Lenox Hill Listing Supply

In the last 90 days, 43 listings have been listed, so you'll want to check back regularly for new listings. About 16% of the available space in the Lenox Hill 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,040 sqft. Most buildings in this market are close to 6 stories. Most buildings in this region were built in 1920 and are Class A.

Lenox Hill Community

A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lenox Hill 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 Lenox Hill.
Market Report

Market Data

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