Bowery Industrial

We couldn't find any industrial spaces for Lease and Sublease

Bowery

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$85
Median Size (sqft)
2,000
As of: March 12, 2017

Bowery Rates

The typical asking rate per listing is in the $80's per square foot per year. The Bowery submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 8% rise in rent.

Compared to the rest of the New York City market, the Bowery region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Bowery Listing Supply

In the last 90 days, 6 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Bowery are subleases, so you might be able to find a shorter term or below market rent. 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 2,000 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this area were built in 1910 and are Class C.

Bowery Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Most of the occupants of Bowery work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Bowery.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Bowery.
Research