Murray Hill
Residential midtown neighborhood popular with young professionals. Strong bar scene along Third and Lexington Avenues with growing restaurant diversity.
Live · FWDRE verification engine
1,419
storefronts tracked
949
verified / likely operating
223
active liquor licenses
13
closure signals
Every storefront tracked individually within a 700m walkshed · refreshed September 1, 2026 · what we don't know, we say.
Walk Score
Walker's Paradise
Transit
Bike Score
Liquor Licenses
223
Sidewalk Cafes
311
About Murray Hill
Murray Hill runs on a simple, durable engine: one of Manhattan's densest concentrations of young professionals, stacked in high-rise rentals, within walking distance of Midtown offices. The Third Avenue corridor from roughly 27th to 40th Street is the visible result—a proven strip of bars, casual restaurants, and quick-service concepts that reliably capture after-work and weekend spend.
FWDRE's verification engine tracks every Murray Hill storefront individually—the live counts on this page refresh each morning. The picture they paint is one of the healthier occupancy stories in Midtown-adjacent Manhattan: roughly three-quarters of the tracked walkshed shows active operating signals, and the corridor's liquor-license density confirms what its evenings make obvious—this is one of the city's most concentrated drinking-and-dining markets. What the evidence can't decide, we label honestly unknown.
The customer is specific and worth understanding: early-career professionals, disproportionately in finance, consulting, and healthcare (NYU Langone anchors the eastern edge with a large daytime population). They eat out constantly, favor approachable price points over destination dining, and are loyal to places that handle groups well. Concepts that thrive here are operationally tight, social by design, and priced for repeat visits—sports bars, taquerias, ramen shops, group-friendly Italian, and fitness studios serving the same demographic in the mornings.
The landlord landscape skews institutional along Third and Lexington—professional, straightforward, and less concept-precious than downtown owners. Ground-floor space in newer residential towers regularly comes to market with landlord work packages. For operators priced out of Flatiron or Gramercy, Murray Hill offers the same customer with lower rent and less theater in the leasing process.
Best For in Murray Hill
Commercial Rent Guide for Murray Hill
Current market rates for commercial space (annual rent per square foot)
| Space Type | Avg Rent/SF | Typical Size | Key Money |
|---|---|---|---|
| Restaurant | $75-$140 | 1,200-3,000 SF | $25K-$100K |
| Bar/Nightlife | $70-$130 | 1,000-2,500 SF | $25K-$90K |
| Fitness | $50-$90 | 1,500-3,500 SF | Rare |
| Retail | $70-$120 | 600-1,500 SF | Varies |
* Rates are estimates based on recent market activity. Actual rents vary by specific location, condition, and lease terms.
Explore Murray Hill by Industry
See how Murray Hill fits your concept.
Demographics (Census Data)
Population
50,000
Median Income
$95k
Median Rent
$2,700/mo
Notable Businesses in Murray Hill
Restaurants
Grand Central Oyster Bar
89 East 42nd Street, New York
Pershing Square
90 East 42nd Street, New York
Wolfgang's Steakhouse - Park Avenue New York City
4 Park Avenue, New York
Sushi Yasuda
204 East 43rd Street, New York
2nd Ave Deli
162 East 33rd Street, New York
Benjamin Steakhouse
Inside The Chemists' Club Hotel, 52 East 41st Street, New York
Bars & Nightlife
The Kitano Hotel New York
66 Park Ave, East 38th Street, New York
Pershing Square
90 East 42nd Street, New York
Wolfgang's Steakhouse - Park Avenue New York City
4 Park Avenue, New York
The Ginger Man
11 East 36th Street, New York
Park Avenue Tavern
99 Park Avenue, New York
The Campbell
15 Vanderbilt Avenue, New York
Cafes
Pershing Square
90 East 42nd Street, New York
Fairway Market of Kips Bay
550 2nd Avenue, New York
Amish Market East
240 East 45th Street, New York
Vezzo NYC Thin Crust Pizza
178 Lexington Avenue, New York
Jerusalem Cafe
7 West 36th Street Ground Floor, New York
6B RESTAURANT
60 East 42nd Street, New York
Fitness
The Yale Club
50 Vanderbilt Avenue, New York
PureGym Murray Hill
600 3rd Avenue, New York
IM=X Pilates NYC
265 Madison Avenue 2nd floor, New York
Orangetheory Fitness
605 3rd Avenue, New York
New York Sports Club
633 3rd Avenue, New York
New York Sports Club
3 Park Avenue, New York
Wellness & Spas
Dyanna Spa & Waxing Center NYC
150 East 39th Street East, New York
NYC Thai Wellness Center
32 East 37th Street, New York
Oasis Day Spa
1 Park Avenue, New York
European Wax Center
222 East 34th Street, New York
Pranee - Thai Massage Spa
32 East 37th Street, New York
Skin Spa
12 East 44th Street 2nd Floor, New York
Market Snapshot
Nearby Neighborhoods
Explore similar areas near Murray Hill
Frequently Asked Questions About Murray Hill
What you need to know about commercial real estate in this neighborhood.
What is the average rent for bar space in Murray Hill?
Bar and nightlife space along the Third Avenue corridor generally runs $70-$130 per square foot annually, with key money of $25K-$90K for spaces with existing liquor buildouts. That is a meaningful discount to Flatiron or the East Village for a comparable after-work customer base.
How strong is the Murray Hill storefront market?
One of the healthier pictures in Midtown-adjacent Manhattan—the live verification counts on this page (refreshed every morning) consistently show roughly three-quarters of tracked storefronts operating, with one of the densest active liquor-license corridors in the city.
What concepts work best in Murray Hill?
Group-friendly, repeat-visit concepts: bars, casual restaurants, fast casual, and morning fitness serving the same young-professional demographic. Destination fine dining underperforms here—the neighborhood eats out often but casually, and rewards operators built for volume and consistency.
Find Space by Type in Murray Hill
Explore market intelligence and available spaces by industry