Lower East Office Space

Lower East

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
5,700
As of: July 27, 2017

Lower East Rates

On average, listings lease in the $20's per square foot per year. The Lower East submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decrease in rent.

Lower East Listing Supply

In the last 90 days, 14 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 14% of the available space in the Lower East are subleases, so you might be able to snag a great spot on a short term. 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 5,700 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region were built in 1989 and are Class A.

Lower East Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Lower East folk. 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 Lower East.
Market Report

Market Data

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