New York, NY Restaurants for Lease
New York, NY Restaurants Lease Rates & Market Statistics
Explore 201 Restaurants for lease in New York, NY on Realmo, a commercial real estate exchange covering the New York area. The current inventory totals 530,783 square feet of properties — an average of ~2,650 SF per listing.
Asking lease rates for Restaurants in New York start at $12 SF/Yr, average $34 SF/Yr, and reach $56 SF/Yr at the top of the market. That's a 5x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $34 SF/Yr is 39% below the New York state average of $55.96 SF/Yr.
New York accounts for 100% of the 201 restaurants currently available across New York County, where nearby markets include New York City and Manhattan. By space type, the market includes 124 conventional restaurants, 38 other restaurants and 24 commercial kitchens — commercial kitchens typically offer the lowest entry point, while conventional restaurants command the highest rates.