Find Chinatown commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Chinatown commercial real estate broker in Chinatown's Top Broker Directory. Learn about Chinatown commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.
On average, commerial real estate listings lease in the $70's per square foot per year. The Chinatown region is going through a a rise in rates. In the last 3 months, the median rate for lease increased $17 per sqft per year. That's a 30% increase in rent.
Compared to the rest of the New York City commercial real estate market, the Chinatown region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 168 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Chinatown are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,300 sqft. Most buildings in this region are close to 6 stories. Most buildings in this region were built close to 1913 and are Class .
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Chinatown occupants. Commuting around 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 Chinatown.
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