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Most commerial real estate listings for lease are in the $150's per square foot per year. The NoHo region is going through a a rise in rates. In the last 3 months, the median rate for lease went up $74 per sqft per year. That's a 88% increase in rent.
Compared to the rest of the New York City commercial real estate market, the NoHo region has more expensive rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 138 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the NoHo 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 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 2,000 sqft. Most buildings in this region are close to 7 stories. Most buildings in this market were built around 1900 and are Class .
A large portion of this area is residential, but there's plenty of office space. Manufacturing is the dominant industry in this market. 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.
Real time and historical data on commercial real estate listings in NoHo.
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