Union Square Industrial Space

Union Square

Market Report

Number of Listings
Posted in the last 90 days
27
Median Rate ($/sqft/yr)
$87
Median Size (sqft)
4,500

Union Square Rates

Most listings are in the $80's per square foot per year. The Union Square region is seeing a decrease in rates. In the last 3 months, the median rate decreased $21 per sqft per year. That's a 20% decrease in rent.

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

Union Square Listing Supply

In the last 90 days, 433 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available leases in the Union Square 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,500 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 9 stories. Most buildings in this area were built in 1908 and are Class B.

Union Square Community

A large portion of this area is residential, but there's plenty of office_space. Company management is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Union Square residents. Commuting more than an hour and a half 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 Union Square.
Research