Upper East Side Sublease

Upper East Side

Office Space Market Report

Number of Listings (last 90 days)
80
Median Rate ($/sqft/yr)
$123
Median Size (sqft)
1,730
As of: March 12, 2017

Upper East Side Rates

On average, listings lease in the $120's per square foot per year. The Upper East Side region is seeing a a boost in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 9% increase in rent.

Compared to the rest of the New York City market, the Upper East Side submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Upper East Side Listing Supply

In the last 90 days, 80 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Upper East Side are subleases, so you will probably have to consider a longer term 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 1,730 sqft. Most buildings in this market are around 5 floors. Most buildings in this area were built in 1920 and are Class A.

Upper East Side Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the folk of Upper East Side work from home. 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 Upper East Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Upper East Side.
Research