Compared to the rest of the New York City market, the SoHo region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1351 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the available space in the SoHo are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,800 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 5 stories. Most buildings in this area were built in 1910 and are Class B.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Most of the occupants of SoHo work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in SoHo.
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