Union Square Commercial Real Estate

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55 W 17th St - Space Flatiron, New York City, NY  
Sep 13
11,600
sqft
Office
95 5th Ave - Unit 4th floor (Floor 4) Flatiron, New York City, NY  
Aug 21
2,400
sqft
Office
8 Union Square W - Space Union Square, New York City, NY  
Aug 09
5,200
sqft
Office
47 W 14th St - 2 Spaces Union Square, New York City, NY  
Aug 04
1,200 - 4,500
sqft
Retail Office
122 5th Ave - Space Union Square, New York City, NY Kitchen.
Jul 27
600
sqft
Office
122 5th Ave - 5 Spaces Union Square, New York City, NY  
Jul 12
250 - 700
sqft
Office
108 E 16th St - Unit 6 (Floor 6) Union Square, New York City, NY  
Jun 21
1,580
sqft
Sublease Office

Union Square

Market Report

Number of Listings
Posted in the last 90 days
23
Median Rate ($/sqft/yr)
$108
Median Size (sqft)
2,400

Union Square Rates

Most listings are in the $100's per square foot per year. The Union Square submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year. That's a 24% increase in rent.

Compared to the rest of the New York City market, the Union Square region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Union Square Listing Supply

In the last 90 days, 433 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available space in the Union Square are subleases, so you will probably have to focus your search on direct office leases. 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 market are around 9 floors. Most buildings in this region were built in 1908 and are Class B.

Union Square Community

A large portion of this region is residential, but there's plenty of office_space. Company management is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Union Square folk. Commuting more than an hour and a half 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 Union Square.
Research