West Village Commercial Real Estate

West Village

Market Report

Number of Listings
Posted in the last 90 days
33
Median Rate ($/sqft/yr)
$88
Median Size (sqft)
1,500

West Village Rates

On average, listings lease in the $80's per square foot per year. The West Village submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $97 per sqft per year. That's a 52% decline in rent.

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

West Village Listing Supply

In the last 90 days, 445 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the office spaces in the West Village are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 measurement for office space in this area is around 1,500 sqft. Most buildings in this region are around 4 floors. Most buildings in this market were built in 1910 and are Class A.

West Village Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by car is the most popular way to get to work amongst West Village folk. Commuting close to an hour 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 West Village.
Research