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Medical Space in New York City Guide

Featured
  • $70/per SF
30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • $70/per SF
30 E 60th St, New York, NY 10022, USA

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft
$65-75 psf Office or Medical space for lease 800 -1500 – 2500 – 4500-7800 10,000 sf plus

 We will accommodate any size 800-25,000 sf.

  • 300 - 20,000 Sq Ft
  • $70/per SF
  • Medical Office Space, Office Space
Details

Plaza District, Upper East Side

4 months ago
  • Upon request
250 W 54th St. 4

250 W 54th St, Columbus Circle, NYC Class B Office space for lease

  • Upon request
250 W 54th St, New York, NY 10019, USA

250 W 54th St, Columbus Circle, NYC Class B Office space for lease.  Very affordable rent prices ! 7th floor […]

  • 1850 - 3000-10,000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Columbus Circle, Midtown Manhattan

4 months ago
  • Upon request
18 W 33rd St, New York, NY 10001, Office Medical space for lease 1400-2800 square feet

18 W 33rd St, Herald Square, NY Office Medical space for lease 1400-2800 square feet

  • Upon request
18 W 33rd St, New York, NY 10001, USA

18 W 33rd St, Herald Square, NY, 10001 Office, Medical for rent  1400 sf – 2800 square feet      […]

  • 2800 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Herald Square, Midtown South

4 months ago
  • Upon request
635 Madison Ave NY, NY Medical office space for lease UES

635 Madison Ave NY, NY Medical office space for lease UES 2500-5000 sf

  • Upon request
635 Madison Ave, New York, NY 10022, USA

635 Madison Ave NY, NY 10022  Medical office space for lease UES 2500-5000 sf 2500-5000 sf  plus,   3-10 years lease […]

  • Baths: 3
  • 2500 - 5000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Madison Avenue, Plaza District, Upper East Side

4 months ago
  • Upon request
Plaza District Medical office space

E 60th St NYC, UES, Plaza District Medical office space for rent

  • Upon request
E 60th St, New York, NY, USA

E 60th St  NYC. UES, Plaza District Medical office space for rent 2500-5000 sf class A. 2500-5000-10000 sf plus. Hi […]

  • 2500 - 5000 Sq Ft
  • Upon request
  • Medical Office Space
Details

Plaza District, Upper East Side

4 months ago
  • Upon request
E 55th St Plaza District Medical office space for rent

E 55th St Plaza District Medical office space for rent

  • Upon request
E 55th St, New York, NY 10022, USA

E 55th St Plaza District Medical office space for rent 3,500 SF  High full Floor  3,500 SF Fully Build-Out  Build […]

  • 3500 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Plaza District

5 months ago

Medical Space in New York City Guide

Medical Space in New York City  –  is a very particular business sector of commercial real estate, with a unique list of essential criteria. Before buying or renting this type of office area, first, consider researching for the ideal New York medical space. Feature tenants are looking for significant factors such as medical space that is large enough to accommodate patients and staff, with enough room for storage and equipment, location in a particular region that is appropriately zoned, convenient for staff, and accessible to patients. Look for some notable improvements with some renovations such as electrical and plumbing needs and construction completed efficiently and many more.

All major hospitals in Manhattan are surrounded by thousands of medical space rented by famous therapists, physicians, acupuncturists, chiropractors, dentists, and other practitioners. The Upper East Side is in high demand because NY Presbyterian, Hospital for Special Surgery, and Mount Sinai are all located in this area. Another area popular is local location of the Upper West Side. Doctors, clinicians, physical specialists,  Cosmetic, Plastic surgery, Chiropractors, psychiatrist,  dental and all kind of specialists all need to lease a medical space to set up their clinic in this attractive neighborhoods.

Lease Medical Space in New York City

When looking to lease or just to rent medical space in NYC, probably the essential factor to consider is location. We talk about this already, but to know proximity to public transportation, as well as access to dining and retail, are crucial. Renting a medical space in some business regions is a great way to attract walk-ins and be easily reachable by patients who work in the area.

When searching for a needed space, it is vital to understand the market requirement. Finding the right medical space must be your number one priority. Your entire business may be affected by making the right choice. First of all, it is not just only being convenient, but also about rules and regulations, ADA-compliance, certificates of occupancy, zoning, and many more. Perfect looking space needs comprehensive management with a one-sided lease.

The next focus can be the good  options, if the lease is aloud you some tenant favorable options such as assignment for selling, early cancellation, renewal, subletting, personal guarantee or cosigner, selling of medical practice, growing or reducing the size of your space and a lot more option. In addition to all mentioned above, there is high daily traffic, the requirement  for a clean environment and structure, with plenty of natural and electrical lights. Commercial  real estate Landlords focusing more on Manhattan medical office space in appoint medical buildings.

The average rent prices for Medical space in NYC are between: $60 and $95 per square foot, depending on the building location and class.

Medical Space for Sale in NYC

Some co-ops and condominiums sell their ground floor or basement space to medical practices, mainly if they are located close to area hospitals. Therefore, some buildings in NYC are selling their medical spaces to medical healthcare businesses exclusively.

NYC average prices of medical space  for sale are as follows: between $1000 and $2000 per square foot. 

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MANHATTAN OFFICE SPACE MARKET INFORMATION

INVENTORY SF 376 M +1.0% Prior Period 373 M
UNDER CONSTRUCTION SF10.2 M -10.3%Prior Period 11.4 M
VACANCY RATE11.7% +1.0%Prior Period 10.7%
AVERAGE MARKET RENT/SF$76.15 +1.2%Prior Period $75.25
MARKET SALE PRICE/SF$904 +2.9%Prior Period $878
MARKET CAP RATE4.3% Prior Period 4.3%

Availability
Vacant SF 40.7 M Sublet SF 11.8 M
Availability Rate 18.3% Available SF 65.8 M
Available average Asking Rent/SF $60.04
Occupancy Rate 88.3% Percent Leased Rate 91.5%
Office Sales Past Year
Asking Price Per SF $701
Sale to Asking Price Differential -1.4%
Sales Volume $7.5 B
Properties Sold 104
Months to Sale 11.0
For Sale Listings 142
Total For Sale SF 1.3 M

Demand
12 Months Net Absorp % of Inventory -0.1%
12 Months Leased SF 32 M
Months on Market 8.2
Months to Lease 12.1
Months Vacant 11.0
24 Months Lease Renewal Rate 35.1%
Population Growth 5 Years 3.0%

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • 300 - 20,000 Sq Ft
  • $70/per SF
  • Medical Office Space, Office Space
Featured

30 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1700 - 3500 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

18 W 33rd St, Herald Square, NY Office Medical space for lease 1400-2800 square feet

  • 2800 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

36 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1560 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

250 W 54th St, Columbus Circle, NYC Class B Office space for lease

  • 1850 - 3000-10,000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

14 E 55th Street, Plaza District, NY, Medical office space for lease 2,000 + 2,000 sf

  • 2000 Sq Ft
  • Negotiable
  • Office Space, Showroom Space

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