How much does it cost to rent a store in NYC?

On Fifth Avenue from 42nd to 49th streets, rents are up 5 percent from last fall but down 8 percent from the spring with a range of $1,000 to $1,500. The city's highest retail rents are on Fifth Avenue between 49th to 59th streets. They run from $2,700 to $4,450 per square foot with the average of $3,484.

What is the price per square foot for commercial property?

For office buildings that include retail space, the 2019 edition of Chain Store Age's annual survey of retail build-outs put the average cost at $56.53 per square foot.

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New York Commercial Building or Space Lease

Commercial Lease Form Template

Name: New York Commercial Building or Space Lease
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.81 (405 reviews)

Category:

New York Landlord Tenant - Commercial Leases

State:

New York

Control #:

NY-988LT

Format:

Instant download

Description Commercial Lease Form Contract

This is a commercial lease form for the State of New York. It is for leasing a building for any use, such as an office. This lease is very detailed and includes provisions addressing the areas of lease term, payment of rent, later charges, utilities, condition of premises, security deposits, default, termination, right of re-entry, holdover, and many other legal clauses. Make changes to suit your needs and agreement with your lessee.

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How to fill out Commercial Building Lease New York?

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Commercial Lease Form Pdf FAQ

To calculate the value of a commercial property using the Gross Rent Multiplier approach to valuation, simply multiply the Gross Rent Multiplier (GRM) by the gross rents of the property. To calculate the Gross Rent Multiplier, divide the selling price or value of a property by the subject's property's gross rents.

According to research data, the average rent for a single square foot of traditional office space in NYC is between $75 and $84. That means you may only get about 811 square feet of space for $5,000 a month, which isn't enough for many growing and successful companies.

Retail space is highly sought after because of the foot traffic; it generally costs more per square foot than office space. Typically, there is an anchor store, like a grocery store, and then smaller stores next to it or maybe in a building adjacent.

Multiply the amount by the rentable square footage to determine your monthly cost. Divide that amount by your usable square footage to calculate your actual price per usable square foot. For example, if the rentable square footage is 1,130 and the price is $1 per square foot, your monthly lease amount is $1,130.

On Fifth Avenue from 42nd to 49th streets, rents are up 5 percent from last fall but down 8 percent from the spring with a range of $1,000 to $1,500. The city's highest retail rents are on Fifth Avenue between 49th to 59th streets. They run from $2,700 to $4,450 per square foot with the average of $3,484.

As of Apr 12, 2021, the average annual pay for a Commercial Real Estate Broker in New York City is $85,559 an year. Just in case you need a simple salary calculator, that works out to be approximately $41.13 an hour. This is the equivalent of $1,645/week or $7,130/month.

For office buildings that include retail space, the 2019 edition of Chain Store Age's annual survey of retail build-outs put the average cost at $56.53 per square foot.

Manhattan retail rental rates vary from $100 per square foot all the way up to $1000. The higher end of that range is mainly reserved for ground floor space along the Gold Coast located from 50th Street up to 62nd Street, and from Madison to Fifth Avenue. Rents in this highly desirable area reflect its prestige.

Commercial Lease Form Template

Description Commercial Lease Form Contract

Commercial Building Lease Related forms

How to fill out Commercial Building Lease New York?

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Commercial Building Lease Agreement Form Rating

Commercial Lease Form Sample Form popularity

Commercial Lease Form Blank Other Form Names

Commercial Lease Form Pdf FAQ

How do you calculate the value of a commercial property?

How much does it cost to rent office space in NYC?

Is retail or office space more expensive?

How do you calculate commercial real estate cost per square foot?

How much does it cost to rent a store in NYC?

How much do commercial real estate brokers make in NYC?

What is the price per square foot for commercial property?

How much is retail rent in Times Square?

How much is retail space in NYC?

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