Koreatown Office Space

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20 W 36th St - 2 Spaces Koreatown, New York City, NY partial floor opportunity
Sep 14
6,800 - 7,270
sqft
Office
35 W 31st St - Unit 6 (Floor 6) Garment District, New York City, NY  
Aug 22
3,000
sqft
Sublease Office
362 5th Ave - Unit 8 (Floor 8) Garment District, New York, NY  
Aug 19
5,830
sqft
Office
39 W 32nd St - Unit 1002 Koreatown, New York City, NY  
Aug 14
1,450
sqft
Office
362 5th Ave - 2 Spaces Garment District, New York, NY  
Aug 12
2,300 - 5,830
sqft
Office
39 W 32nd St - Floor 6 Koreatown, New York City, NY  
Jul 18
600
sqft
Office
362 5th Ave - 2 Spaces Koreatown, New York City, NY  
Apr 24
970 - 5,400
sqft
Office
302 5th Ave - 2 Spaces Koreatown, New York City, NY rate negotiable
Apr 22
6,040
sqft
Sublease Office

Koreatown

Market Report

Number of Listings
Posted in the last 90 days
19
Median Rate ($/sqft/yr)
$70
Median Size (sqft)
1,460

Koreatown Rates

The typical asking rate per listing is in the $60's per square foot per year. The Koreatown submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $29 per sqft per year. That's a 29% decline in rent.

Compared to the rest of the New York City market, the Koreatown submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Koreatown Listing Supply

In the last 90 days, 649 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings in the Koreatown are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,460 sqft. Most properties in this market are approximately 12 floors. Most buildings in this area were built in 1912 and are Class A.

Koreatown Community

Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Koreatown folk. Commuting close to 10 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 Koreatown.
Research