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Murray Hill Submarket — New York City

Murray Hill submarket of New York City: 12 tracked properties, 5,136,100 SF of inventory and 1,253,000 SF available.

12Listings
1,253,000 SFAvailable space
5,136,100 SFTotal inventory
$86.93/SFAvg asking rent
26,100 SFMedian suite
1010 W 23rd StNew York, NY · Office · Class A1,151,300 SF available$90.12 – $109.71/SF/yr FS
119 E 45th StNew York, NY · Office · Class A302,500 SF$91.69 – $111.62/SF/yr FS
1348 Water StNew York, NY · Office · Class B322,200 SF$82.74 – $100.73/SF/yr FS
Enterprise ParkNew York, NY · Office · Class B195,900 SF$69.51 – $84.62/SF/yr FS
Sterling PavilionNew York, NY · Office · Class A1,596,700 SF$85.87 – $104.53/SF/yr FS
512 Fifth AveNew York, NY · Office · Class B303,300 SF$79.22 – $96.44/SF/yr FS
Regency LandingNew York, NY · Multi-Family · Class A5,400 SF availableRate on request
Granite PlaceNew York, NY · Office · Class B28,600 SF available$72.02 – $87.67/SF/yr FS
986 Eighth AveNew York, NY · Multi-Family · Class B12,800 SF availableRate on request
361 W 34th StNew York, NY · Office · Class B27,500 SF available$74.18 – $90.31/SF/yr FS

12 commercial properties are tracked in the Murray Hill submarket, representing 5,136,100 SF of rentable building area, of which 1,253,000 SF is currently marketed as available.

Asking rents average $86.93 per square foot per year, the median marketed suite is 26,100 SF, and listings have been on market a median of 578 days.

The stock splits 5 Class A, 6 Class B, 1 Class C, with construction dates from 1911 to 1975 (median 1949).

Other New York City submarkets

ChelseaColumbus CircleFinancial DistrictFlatiron / Union SquareGramercyGrand CentralHudson YardsPenn 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 Murray Hill, NY?

Across the 12 commercial listings published in Murray Hill, NY, asking rents average $86.93 per square foot per year, quoted on a NNN basis.

How much commercial space is available in Murray Hill, NY?

1,253,000 SF is currently marketed across 7 buildings, out of 5,136,100 SF of total inventory.

What is the commercial vacancy rate in the New York City market?

The New York City commercial market is running 7.7% vacancy with year-over-year asking rent growth of -0.2%.

Which submarkets have the most commercial space in Murray Hill, NY?

Murray Hill (12 properties).

What cap rates are commercial assets trading at in Murray Hill, NY?

Listed commercial assets in Murray Hill, NY show an average asking cap rate of 6.47%. Closed sale comparables are available in RealStar's Sales module.

Which brokerages are most active in Murray Hill, NY?

Concord Realty Services (3 listings), Northgate Commercial (1 listing), Capitol Commercial (1 listing), Harbor & Vale (1 listing), Republic Partners (1 listing). See the full Murray Hill, NY broker directory.

How do I list a commercial property in Murray Hill, 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.