Most listings are in the $70's per square foot per year. The Tribeca submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the New York City market, the Tribeca submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 976 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available leases in the Tribeca 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.
The standard measurement for office space in this area is around 2,380 sqft. Most properties in this area are close to 6 floors. Most buildings in this market were built in 1915 and are Class A.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Most of the occupants of Tribeca work from home. Commuting close to 15 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 Tribeca.
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