Lenox Hill Sublease

Lenox Hill

Office Space Market Report

Number of Listings (last 90 days)
43
Median Rate ($/sqft/yr)
$119
Median Size (sqft)
2,030
As of: July 19, 2017

Lenox Hill Rates

Most listings are in the $110's per square foot per year. The Lenox Hill region is experiencing a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year. That's a 25% rise in rent.

Compared to the rest of the New York City market, the Lenox Hill submarket has greater rates, and you'll need to make a great offer 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 88% of the available space in the Lenox 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 3,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this area were built in 1920 and are Class A.

Lenox Hill Community

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

Market Data

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