The Harlem Office Submarket
Harlem is a submarket of just over 3 mm sq ft of commercial space. The office market is primarily centered around 125th Street from Lexington Avenue to Frederick Douglass Blvd.
The office stock combination of historic properties such as the Theresa Tower Alhambra ballroom building on the westside, and the Lee building on the east side. There are buildings built in the 70’s such as 55 W 125th Street where President Bill Clinton famously rented an office, and brand-new buildings such as 121 West 125th which is the new home for the National Urban League and the Civil Rights Museum.
➡️ For insights into how Manhattan’s office market is evolving, check out The Latest on Manhattan Office Conversions: A New Era for NYC Real Estate.
The tenant’s occupying space in Harlem is predominantly made up of four tenant types: Nonprofits, Healthcare, Government & Education.
Some of the largest tenants in each category include
Nonprofits: Legal Aid Society, Children’s Aid Society, CASES, Housing Works, & Samaritan Daytop Village.
Healthcare: Mount Sinai, Aetna, Fresenius, Emblem Health & NY Health & Hospital
Education: Columbia University, Manhattan School of Music, Hunter College of Social Work, & Touro College.
Government: NYC Department of Administration, IRS, Social Security, & NY State Department of Labor.
➡️ If you’re a nonprofit organization considering leasing office space in NYC, read Things for Nonprofits to Consider When Leasing Office Space.
Harlem is extremely accessible by transportation. The Metro North stops at 125th & Park Avenue. All the East Side subway lines stop at 125th Street and Lexington Avenue. The 2 & 3 trains stop at 125th & Lenox. The A, B, C & D trains all stop at 125th and Frederic Douglass. The 125th Street cross town bus is an easy way to get from east to west and west to east.
➡️ For more on how accessibility impacts leasing decisions in NYC submarkets like Harlem, explore How Long Does It Take to Find a New Office Space in New York City.
Dining options are aplenty in Harlem with the famous Restaurant Row from 110th to 125th on Frederick Douglass and well know mainstays such as Sylvia’s and The Red Rooster.
As one of the most prolific brokers to work the Harlem market I would be delighted to speak with you about any office space requirements that your organization may have.