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.
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.
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 .
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.
Real time and historical data on commercial real estate listings in NoLita.
Get email notifications when new listings are posted that match your requirements.