SoHo Industrial

SoHo

Office Space Market Report

Number of Listings (last 90 days)
153
Median Rate ($/sqft/yr)
$88
Median Size (sqft)
3,420
As of: February 20, 2017

SoHo Rates

The typical asking rate per listing is in the $80's per square foot per year. The SoHo region is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 3% increase in rent.

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

SoHo Listing Supply

In the last 90 days, 153 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the office spaces in the SoHo are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,420 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 5 floors. Most buildings in this area were built in 1910 and are Class B.

SoHo Community

This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Most of the folk of SoHo work from home. Commuting close to 20 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 SoHo.
Market Report

Market Data

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