On average, listings lease in the $80's per square foot per year. The Hudson Square submarket is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the New York City market, the Hudson Square region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 399 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the listings in the Hudson Square are subleases, so you might be able to snag a great spot on a short term. 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 7,040 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 10 floors. Most buildings in this region were built in 1924 and are Class A.
Health care is the dominant industry in this region. Most of the folk of Hudson Square work from home. Commuting close to an hour 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 Hudson Square.
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