Koreatown Industrial

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

Koreatown

Office Space Market Report

Number of Listings (last 90 days)
69
Median Rate ($/sqft/yr)
$66
Median Size (sqft)
2,040
As of: January 18, 2017

Koreatown Rates

The typical asking rate per listing is in the $60's per square foot per year. The Koreatown submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 6% decrease in rent.

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

Koreatown Listing Supply

In the last 90 days, 69 listings have come on the market, so you'll want to check back regularly for new listings. About 14% of the available space in the Koreatown 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,040 sqft. Most buildings in this area are around 12 stories. Most buildings in this market 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 folk. 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