Lower East Retail

Lower East

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
9,670

Lower East Rates

On average, listings lease in the $30's per square foot per year. The Lower East region is experiencing a a boost in rates. In the last 3 months, the median rate rose $14 per sqft per year. That's a 58% rise in rent.

Lower East Listing Supply

In the last 90 days, 36 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the Lower East 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 posted, so finding a space for a small business might be tough.

Even though the median size is 9,670 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1989 and are Class A.

Lower East Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Lower East residents. 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 Lower East.
Research