Garment District Industrial

Garment District

Office Space Market Report

Number of Listings (last 90 days)
445
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
2,100
As of: February 18, 2017

Garment District Rates

Compared to the rest of the New York City market, the Garment District submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Garment District Listing Supply

In the last 90 days, 445 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the office spaces in the Garment District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,100 sqft. Most properties in this area are around 14 floors. Most buildings in this area were built in 1924 and are Class B.

Garment District Community

Finance and insurance are the dominant industries in this area. Commute by taxi is the most popular way to get to work amongst Garment District occupants. Commuting between 20 and 25 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 Garment District.
Market Report

Market Data

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