Bronx, NY Office Overview
The Bronx real estate market includes the Concourse, Kingsbridge, and Mott Haven commercial real estate submarkets. With a population of about 1.5 million, the Bronx is one of the larger boroughs of New York City, where over 14.4 million people reside. Demand for office space in is generated by a wide variety of business and industries.
As of mid-2017, the Bronx market contains five office and mixed-use properties larger than 50,000 square feet. Demand is largely driven by the retail sector, along with companies seeking alternative office space to the much more expensive Manhattan commercial real estate market.
Bronx, NY Office Inventory Description
The borough encompasses all of Bronx County, and includes affluent middle- and upper-income neighborhoods such as Pelham Bay, Pelham Gardens, Morris Park, and Country Club. As part of the New York City metropolitan area, the Bronx contributes to the region's massive $1.2 trillion in gross annual metropolitan product.
Some of the larger, investment-grade mixed-use and office buildings in Bronx include the 224 Outlook Ave and 226 Outlook Ave, the 1110 Oakpoint Avenue mixed-use project in Port Morris, and the 371 East 149th Street building in the Melrose commercial real estate submarket.
Bronx, NY Commercial Inventory Breakdown
Total: 509,200 SF
By square footage range:
- 50k to 100k SF: 229,200 SF / 45.01% of total office
- 100k to 500k SF: 280,000 SF / 54.99% of total office
- Class C: 65,149 SF / 12.79% of total office
Top 10 Largest Office Buildings
|Office building||Address||Sqft||Year built|
|Not Verified||825 East 141st Street, 10454||280,000||n/a|
|Not Verified||804 East 138th Street, 10454||94,200||n/a|
|Not Verified||4770 White Plains Road, 10470||69,851||n/a|
|Eastpark @ 8A - 3000 East Park Blvd||3000 East Park Blvd, 08512||65,149||1991|
|Not Verified||463 East 173rd Street, 10457||0||1931|
Bronx, NY Green Office Space
The National Green Building Adoption Index report for 2017 surveyed the top 30 office markets in the U.S. to measure the growth of energy-efficient workspace. The report noted that, since 2005, the overall percentage in these top markets of green, Energy Star, and LEED-certified office space has increased about seven-fold. While in 2005 the percentage was below 5%, over the past 12 years the share of green space in buildings larger than 50,000 square feet has skyrocketed to about 38%.
While the amount of green office space in the Bronx doesn't place it among the top 30 market, there are some great examples of LEED-certified energy-saving buildings in the borough. Fordham Place is a LEED Gold certified Class A property, with nearly 275,000 square feet of green space.
Another great example are the thrift store and community services offices in the LEED-certified building at 402 E. 152nd Street. This LEED-certified building has over 17,000 square feet of energy-efficient space and received high scorecard ratings for indoor environmental quality and innovation in design.
Bronx, NY's Top Office-Using Sectors
The Bronx commercial real estate market sees consistent demand from the healthcare, business start-ups, real estate, and education sectors.
- Healthcare – Firms such as CenterLight Healthcare and Centers Health Care Companies.
- Business Start-Ups – including Global Energy Efficiency, Propel Bikes, and SpotPog.
- Real Estate –companies such as Keller Williams Realty NYC Bronx, Besmatch Real Estate, and NY Future Homes Realty.
- Education – Fordham University and Lehman College are two of the most notable institutions.
FREQUENTLY ASKED QUESTIONS
How much does office space cost in Bronx, NY?
The average office rental rate in Bronx, NY is $421.67 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways.
What is the size of available office spaces in Bronx, NY?
The Bronx, NY office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 29,314 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Bronx, NY is 300 square feet, while the maximum rentable space on the market now is 58,327 square feet.
How do I get office space in Bronx, NY?
Start your search for office space in Bronx, NY by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Bronx, NY?
There are 48 office listings on the Bronx, NY market.
- Total Population1,442,847
- Male Population(47.0 %) 677,706
- Female Population(53.0 %) 765,141
- Median Age34.00
- Average Household Income$66,463
- Median Household Income$36,530
- Median Income Under 25$30,722
- Median Income 25-44$41,099
- Median Income 45-64$40,666
- Median Income Over 65$23,350
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