NoHo Industrial

NoHo

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$82
Median Size (sqft)
3,000
As of: March 12, 2017

NoHo Rates

The typical asking rate per listing is in the $80's per square foot per year. The NoHo region is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 5% decrease in rent.

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

NoHo Listing Supply

In the last 90 days, 20 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 15% of the available space in the NoHo 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.

Even though the median size is 3,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 7 floors. Most buildings in this region were built in 1908 and are Class B.

NoHo Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst NoHo occupants. Commuting more than an hour and a half 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 NoHo.
Market Report

Market Data

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