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)
1,450
As of: June 27, 2017

Koreatown Rates

Most listings are in the $80's per square foot per year. The Koreatown region is going through a a boost in rates. In the last 3 months, the median rate rose $86 per sqft per year.

Compared to the rest of the New York City market, the Koreatown submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Koreatown Listing Supply

In the last 90 days, 91 listings have been made available, so you'll want to check back regularly for new listings. About 53% of the available space 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,800 sqft. Most properties in this region are close to 12 floors. Most buildings in this area were built in 1912 and are Class A.

Koreatown Community

Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Koreatown occupants. Commuting around 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