Koreatown Industrial

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

Koreatown

Office Space Market Report

Number of Listings (last 90 days)
91
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
1,150
As of: July 21, 2017

Koreatown Rates

On average, listings lease in the $80's per square foot per year. The Koreatown region is experiencing a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year. That's a 33% increase in rent.

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

Koreatown Listing Supply

In the last 90 days, 91 listings have come on the market, so you'll want to check back regularly for new listings. About 42% of the listings in the Koreatown 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 1,150 sqft. Most buildings in this area are approximately 12 floors. Most buildings in this region were built in 1912 and are Class A.

Koreatown Community

Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Koreatown residents. Commuting close to 10 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 Koreatown.
Market Report

Market Data

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