West 86th Street, UWS, Art Gallery or Medical space for lease 2,100 sf , vacant Retail, Gallery or Medical use, […]
Upper West Side
Central Park West, NYC, UWS, Medical space for lease or sale. 2,000 sf, Ground floor, Vacant, Lease or For Sale, […]
Upper West Side
Upper West Side Office Space
Upper West Side Office Space – If you want to get immersed in a unique pre-war NYC atmosphere – Upper West Side is the place to be.
Its location makes you want nothing more: it is enclosed between two beautiful parks – Central Park to the East and Riverside Park on the West. The other borders are West 110th Street in the north and West 59th Street on the south. Just as its sibling across Central Park – Upper East Side – UWS as it is called is a preferred residential area for people working in Midtown Manhattan.
There are two of the most beautiful parks on each side of the area, excellent public transport, plenty of schools to choose from, which makes it an excellent place for families. Upper is not only its position on the map of Manhattan but also most of its residents. It houses the apartments and mansions of the upper class of New York – some of the wealthiest and rich persons in the world. Similarly to the Upper East Side, the median income of the residents is above $100k per year, so does also the median property price top $1 million.
As it houses the wealthiest population of New York, including celebrities, UWS offers what is needed by those inhabitants.
Notable for its architecture, mostly the famous brownstone blocks (some of the landmark buildings), plenty of shops and fine restaurants, complemented by Broadway and lots of museums, make the area a magnet for New York visitors.Businesses in TAMI, education, healthcare, consulting services are among the tenants of office space in UWS. The proximity to families and the available employment to choose from makes it an attractive place to lease office space.
How all this is reflected in the market for office spaces for rent or lease?
As we said, Manhattan is attracting a lot of new tenants every year and the demand for retail and office space is continuing to grow year-over-year so you could expect it reflected on the prices.
The overall market on Upper West Side office space asks around $94 per square feet for Class A office rent and around $74 for Class B office rent, which is actually a good price for locations close to Manhattan Midtown. You can count on a 10% vacancy of the 31 million square feet office space available.
While average prices in Midtown Manhattan are $96 for Class A and $74 for Class B office space, Upper West Side is a good alternative, if your office needs are not huge and you need to be close to your customers.
Upper West Side is well connected with other parts of the city and the suburbs. Subway trains 1, 2, and 3 go through the area and have stops on many streets; A, B, C and D trains go along Central Park West and are complemented to at least 5 bus lines going north-south and east-west.
Commuting by car is difficult due to a lot of traffic on the main streets.
Bus lines: M5, M7, M10, M11, M104 run north and south through the Upper West Side.
Bus lines: M66, M72, M79, M86, M96, run east to west.
|Broadway–Seventh Avenue Line||Tomato red|||
|Eighth Avenue Line||Vivid blue|||