NoLita Office Space

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NoLita

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$198
Median Size (sqft)
770

Compared to the rest of the New York City market, the NoLita submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

NoLita Listing Supply

In the last 90 days, 65 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the office spaces in the NoLita are subleases, so you will probably have to focus your search on direct office leases. 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 770 sqft. Most buildings in this market are around 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 region. Commute by bike is the most popular way to get to work amongst NoLita folk. 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.
Research