Lenox Hill Sublease

Lenox Hill

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 25, 2016

Lenox Hill Rates

Most listings are in the $90's per square foot per year. The Lenox Hill submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 9% decline in rent.

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

Lenox Hill Listing Supply

In the last 90 days, 29 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space in the Lenox Hill 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 4,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region 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 area 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.