Chinatown Industrial

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

Chinatown

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$70
Median Size (sqft)
2,400
As of: July 21, 2017

Chinatown Rates

The typical asking rate per listing is in the $60's per square foot per year. The Chinatown region is going through a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 9% increase in rent.

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

Chinatown Listing Supply

In the last 90 days, 24 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 92% of the listings in the Chinatown are subleases, so you might be able to snag a great spot on a short term. 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 1,600 sqft. Most properties in this area are approximately 6 stories. Most buildings in this area were built in 1912 and are Class A.

Chinatown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Chinatown folk. Commuting approximately 20 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 Chinatown.
Market Report

Market Data

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