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SoHo Medical Space For Lease

SoHo

Market Report

Number of Listings For Lease
Posted in the last 90 days
109
Median Rate ($/sqft/yr)
$92
Median Size (sqft)
300

SoHo Commercial Real Estate

Find SoHo commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a SoHo commercial real estate broker in SoHo's Top Broker Directory. Learn about SoHo commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

SoHo Rates

The typical asking rate per commerial real estate listing leases is in the $80's per square foot per year. The SoHo submarket is going through a a rise in rates. In the last 3 months, the median rate for lease rose $15 per sqft per year. That's a 22% increase in rent.

Compared to the rest of the New York City commercial real estate market, the SoHo region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

SoHo Listing Supply

In the last 90 days, 1351 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the SoHo 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 posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 300 sqft. Most buildings in this area are close to 5 stories. Most buildings in this area were built around 1910 and are Class .

SoHo Community

This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Most of the occupants of SoHo work from home. 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 SoHo.
Research