Pinnacle CenterRate on request
Gramercy Submarket — New York City
Gramercy submarket of New York City: 10 tracked properties, 4,279,100 SF of inventory and 646,700 SF available.
10Listings
646,700 SFAvailable space
4,279,100 SFTotal inventory
$79.96/SFAvg asking rent
30,500 SFMedian suite
1431 Wall StRate on request
672 W 52nd St$76.32 – $92.91/SF/yr FS
193 E 45th StRate on request
1189 Broadway$81.43 – $99.13/SF/yr FS
Liberty Square$54.26 – $66.06/SF/yr FS
79 Park Ave$80.28 – $97.73/SF/yr FS
Capital Building$92.84 – $113.03/SF/yr FS
268 Madison Ave$81.02 – $98.64/SF/yr FS
Pioneer Gateway$38.67 – $47.08/SF/yr NNN
10 commercial properties are tracked in the Gramercy submarket, representing 4,279,100 SF of rentable building area, of which 646,700 SF is currently marketed as available.
Asking rents average $79.96 per square foot per year, the median marketed suite is 30,500 SF, and listings have been on market a median of 300 days.
The stock splits 4 Class A, 4 Class B, 2 Class C, with construction dates from 1905 to 2018 (median 1933).
Other New York City submarkets
ChelseaColumbus CircleFinancial DistrictFlatiron / Union SquareGrand CentralHudson YardsMurray HillPenn Plaza / GarmentPlaza DistrictTimes SquareTribeca / SoHoUpper East SideUpper West Side
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Frequently asked questions
What is the average asking rent for commercial space in Gramercy, NY?
Across the 10 commercial listings published in Gramercy, NY, asking rents average $79.96 per square foot per year, quoted on a FS basis.
How much commercial space is available in Gramercy, NY?
646,700 SF is currently marketed across 9 buildings, out of 4,279,100 SF of total inventory.
What is the commercial vacancy rate in the New York City market?
The New York City commercial market is running 21.1% vacancy with year-over-year asking rent growth of 4.9%.
Which submarkets have the most commercial space in Gramercy, NY?
Gramercy (10 properties).
What cap rates are commercial assets trading at in Gramercy, NY?
Listed commercial assets in Gramercy, NY show an average asking cap rate of 7.90%. Closed sale comparables are available in RealStar's Sales module.
Which brokerages are most active in Gramercy, NY?
Pinnacle CRE (2 listings), Meridian Realty Partners (2 listings), Sterling Crest Advisors (2 listings), Frontier Commercial (1 listing), Summit Advisory Group (1 listing). See the full Gramercy, NY broker directory.
How do I list a commercial property in Gramercy, NY?
Publish it from RealStar in a few minutes. Basic listings are free; Silver, Gold, Platinum and Diamond packages lift the listing above free inventory and add media, syndication and lead reporting. Compare advertising packages.