On average, listings lease in the $100's per square foot per year. The Greenwich Village region is seeing a a boost in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the New York City market, the Greenwich Village submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 262 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the listings in the Greenwich Village are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most properties in this market are close to 6 stories. Most buildings in this region were built in 1906 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Greenwich Village occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Greenwich Village.
Get email notifications when new listings are posted that match your requirements.