NoLita Industrial

NoLita

Market Report

Number of Listings
Posted in the last 90 days
13
Median Rate ($/sqft/yr)
$198
Median Size (sqft)
650

Compared to the rest of the New York City market, the NoLita submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

NoLita Listing Supply

In the last 90 days, 65 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the available space in the NoLita are subleases, so you might be able to find a shorter term or below market rent. 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 770 sqft. Most properties in this market are close to 5 stories. Most buildings in this area were built in 1900 and are Class A.

NoLita Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst NoLita residents. 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 NoLita.
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