Yorkville Sublease

Yorkville

Office Space Market Report

Number of Listings (last 90 days)
74
Median Rate ($/sqft/yr)
$158
Median Size (sqft)
2,650
As of: August 17, 2017

Yorkville Rates

The typical asking rate per listing is in the $150's per square foot per year. The Yorkville region is experiencing a an increase in rates. In the last 3 months, the median rate increased $29 per sqft per year. That's a 23% increase in rent.

Compared to the rest of the New York City market, the Yorkville submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Yorkville Listing Supply

In the last 90 days, 17 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 18% of the listings in the Yorkville 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,650 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 5 floors. Most buildings in this area were built in 1925 and are Class A.

Yorkville Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Yorkville folk. Commuting close to 10 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 Yorkville.
Market Report

Market Data

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