Chinatown Industrial Space

Chinatown

Market Report

Number of Listings
Posted in the last 90 days
22
Median Rate ($/sqft/yr)
$73
Median Size (sqft)
2,300

Chinatown Rates

The typical asking rate per listing is in the $70's per square foot per year. The Chinatown region is seeing a a boost in rates. In the last 3 months, the median rate went up $17 per sqft per year. That's a 30% rise in rent.

Compared to the rest of the New York City market, the Chinatown submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Chinatown Listing Supply

In the last 90 days, 168 listings have been posted online, so you'll want to check back regularly for new listings. About 12% of the available space in the Chinatown are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,300 sqft. Most buildings in this area are close to 6 stories. Most buildings in this region were built in 1915 and are Class A.

Chinatown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Chinatown occupants. Commuting approximately 20 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 Chinatown.
Research