Chelsea Industrial

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

Chelsea

Office Space Market Report

Number of Listings (last 90 days)
274
Median Rate ($/sqft/yr)
$65
Median Size (sqft)
2,500
As of: February 22, 2017

Chelsea Rates

On average, listings lease in the $60's per square foot per year. The Chelsea region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 4% decrease in rent.

Compared to the rest of the New York City market, the Chelsea region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Chelsea Listing Supply

In the last 90 days, 272 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Chelsea 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,540 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 11 stories. Most buildings in this area were built in 1914 and are Class B.

Chelsea Community

A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Most of the folk of Chelsea 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 Chelsea.
Market Report

Market Data

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