Upper East Side Sublease

Upper East Side

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$114
Median Size (sqft)
2,040
As of: February 21, 2017

Upper East Side Rates

The typical asking rate per listing is in the $110's per square foot per year. The Upper East Side submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 2% rise in rent.

Compared to the rest of the New York City market, the Upper East Side submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Upper East Side Listing Supply

In the last 90 days, 68 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Upper East Side are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, 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 area are approximately 5 stories. Most buildings in this region 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 market. 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