Lower East Commercial Real Estate

Lower East

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
9,670

Lower East Rates

The typical asking rate per listing is in the $30's per square foot per year. The Lower East submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $14 per sqft per year. That's a 58% rise in rent.

Lower East Listing Supply

In the last 90 days, 36 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available leases in the Lower East are subleases, so you might be able to find a shorter term or below market rent. 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 office spaces below 2,000 sqft. Most properties in this market are close to 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 market. Commute by walking is the most popular way to get to work amongst Lower East occupants. 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