Find Theater District 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 Theater District commercial real estate broker in Theater District's Top Broker Directory. Learn about Theater District commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.
Most commerial real estate listings for lease are in the $100's per square foot per year. The Theater District region is seeing a a rise in rates. In the last 3 months, the median rate for lease rose $18 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the New York City commercial real estate market, the Theater District region has higher rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2037 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the Theater District 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 3,940 sqft. Most properties in this market are approximately 23 stories. Most buildings in this region were built around 1930 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this area. Most of the folk of Theater District work from home. Commuting close to 10 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 Theater District.
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