West Village Office Space

230 Varick St - 2 Spaces Downtown, New York City, NY  
Sep 18
1,710 - 15,000
sqft
Office

West Village

Market Report

Number of Listings
Posted in the last 90 days
42
Median Rate ($/sqft/yr)
$88
Median Size (sqft)
1,710

West Village Rates

The typical asking rate per listing is in the $80's per square foot per year. The West Village submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $97 per sqft per year. That's a 52% decrease in rent.

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

West Village Listing Supply

In the last 90 days, 445 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the West Village are subleases, so you will probably have to consider a longer term lease. 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 1,710 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this region were built in 1910 and are Class A.

West Village Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by car is the most popular way to get to work amongst West Village folk. Commuting approximately an hour 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 West Village.
Research