NoLita Commercial Real Estate For Lease

27 Prince St - Space NoLita, New York City, NY  
Jul 28
Retail Mixed Use Other Restaurant


Market Report

Number of Listings For Lease
Posted in the last 90 days
Median Rate ($/sqft/yr)
Median Size (sqft)

NoLita Commercial Real Estate

Find NoLita 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 NoLita commercial real estate broker in NoLita's Top Broker Directory. Learn about NoLita commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

NoLita Rates

The typical asking rate per commerial real estate listing leases is in the $210's per square foot per year. The NoLita submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease increased $160 per sqft per year. That's a 269% increase in rent.

Compared to the rest of the New York City commercial real estate market, the NoLita region has more expensive rates for rent, and you may need to pay a premium to be in this hot submarket.

NoLita Listing Supply

In the last 90 days, 65 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available commercial real estate space in the NoLita 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 posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 770 sqft. Most properties in this market are approximately 5 floors. Most buildings in this market were built approximately 1900 and are Class .

NoLita Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst NoLita folk. 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 NoLita.