Meatpacking District Office Space

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Meatpacking District

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$185
Median Size (sqft)
10,850

Meatpacking District Rates

On average, listings lease in the $180's per square foot per year. The Meatpacking District region is going through a decrease in rates. In the last 3 months, the median rate fell $53 per sqft per year. That's a 22% decline in rent.

Compared to the rest of the New York City market, the Meatpacking District submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Meatpacking District Listing Supply

In the last 90 days, 148 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the Meatpacking District 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 10,850 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this area were built in 1910 and are Class A.

Meatpacking District Community

Professional services is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Meatpacking District occupants. Commuting close to 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 Meatpacking District.
Research