NoHo Retail

NoHo

Market Report

Number of Listings
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$86
Median Size (sqft)
5,000

NoHo Rates

Most listings are in the $80's per square foot per year. The NoHo submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $33 per sqft per year. That's a 28% decrease in rent.

Compared to the rest of the New York City market, the NoHo region has greater rates, and you'll need to make a great offer to be in this hot region.

NoHo Listing Supply

In the last 90 days, 138 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available space in the NoHo are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 7 floors. Most buildings in this region were built in 1905 and are Class B.

NoHo Community

A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst NoHo occupants. Commuting more than an hour and a half 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 NoHo.
Research