Most listings are in the $100's per square foot per year. The Greenwich Village submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the New York City market, the Greenwich Village submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 262 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available leases in the Greenwich Village 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most properties in this region are around 6 floors. Most buildings in this area were built in 1906 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Greenwich Village occupants. Commuting under 5 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 Greenwich Village.
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