On average, listings lease in the $180's per square foot per year. The Meatpacking District region is going through a decrease in rates. In the last 3 months, the median rate fell $53 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the New York City market, the Meatpacking District submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 148 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the Meatpacking District are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 10,850 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this area were built in 1910 and are Class A.
Professional services is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Meatpacking District occupants. Commuting close to 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 Meatpacking District.
Get email notifications when new listings are posted that match your requirements.