NoLita Industrial

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

NoLita

Office Space Market Report

Number of Listings (last 90 days)
65
Median Rate ($/sqft/yr)
$198
Median Size (sqft)
3,000
As of: August 17, 2017

NoLita Rates

Most listings are in the $190's per square foot per year. The NoLita region is seeing a an increase in rates. In the last 3 months, the median rate rose $198 per sqft per year.

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

NoLita Listing Supply

In the last 90 days, 4 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the available space in the NoLita 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 new availabilities below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this region were built in 1900 and are Class A.

NoLita Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst NoLita occupants. Commuting between 30 and 45 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 NoLita.
Market Report

Market Data

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