Boundaries for Murray Hill
Murray Hill is located in Midtown Manhattan and is bound by 1st Avenue to Madison Avenue from 34th Street to 42 Street.
Class A Medical Leases
Murray Hill contains 89 Class A medical buildings offering 366 different medical spaces for lease. In total, there are currently 3,072,828 square feet of rentable Class A medical space available.
Class B Medical Leases
Murray Hill contains 277 Class B medical buildings offering 230 different medical spaces for lease. In total, there are currently 1,024,679 square feet of rentable Class B medical space available.
Commute to Murray Hill
The 6 train subway line runs through Murray Hill, allowing for an efficient commute from the Upper East Side and lower Manhattan. Murray Hill is also in close proximity to major transportation hubs, with the 42nd Street Bryant Park and Grand Central 42nd Street Stations within walking distance.
New Developments
The newest developments in the Murray Hill medical leasing market include China Overseas Land and Investment plans to construct a 31-story mixed-use project at 200 East 34th Street, containing roughly 135,000 square feet. The projected development would include 144 apartments and about 3,000 square feet of commercial space. The site was purchased for development in 2017 for $75 million.
History of Medical Leasing in Murray Hill
Murray Hill shares its historical roots from colonial America when 18-th century merchant Robert Murray rose to prominence by establishing himself as the City’s premier merchant. Amassing a fortune, Robert Murray went on to construct his residence on, what now would be considered Park Avenue and 36th Street. His mansion would become known as Murray Hill, due to its elevation from the hill it rested on. In the mid 19th century Murray Hill would house the City’s upper class, with residents such as J.P. Morgan. Today the home of J.P. Morgan still stands as the Morgan Library and Museum. The construction of the United Nations headquarters shifted the ambiance of the district into a more work centered environment with a number of foreign consulates and commercial buildings defining the district today.