Central Harlem Commercial Real Estate

Central Harlem

Market Report

Number of Listings
Posted in the last 90 days
11
Median Rate ($/sqft/yr)
$81
Median Size (sqft)
310

Central Harlem Commercial Real Estate

Find Central Harlem commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Central Harlem commercial real estate broker in Central Harlem's Top Broker Directory. Learn about Central Harlem commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Central Harlem Rates

On average, commerial real estate listings lease in the $80's per square foot per year. The Central Harlem region is seeing a decrease in rates. In the last 3 months, the median rate for lease decreased $19 per sqft per year.

Compared to the rest of the New York City commercial real estate market, the Central Harlem submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Central Harlem Listing Supply

In the last 90 days, 172 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Central Harlem are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 310 sqft. Most buildings in this market are around 5 stories. Most buildings in this area were built around 1910 and are Class B.

Central Harlem Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central Harlem residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

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