Chelsea Industrial

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Chelsea

Market Report

Number of Listings
Posted in the last 90 days
103
Median Rate ($/sqft/yr)
$65
Median Size (sqft)
2,900

Chelsea Rates

On average, listings lease in the $60's per square foot per year. The Chelsea region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the New York City market, the Chelsea submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Chelsea Listing Supply

In the last 90 days, 2509 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available leases in the Chelsea are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 11 stories. Most buildings in this area were built in 1914 and are Class B.

Chelsea Community

A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Most of the residents of Chelsea work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Chelsea.
Research