West Village Office Space

West Village

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
3,470
As of: June 24, 2017

West Village Rates

On average, listings lease in the $40's per square foot per year. The West Village submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $49 per sqft per year.

West Village Listing Supply

In the last 90 days, 1 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 700% of the listings in the West Village 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,470 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 9 floors. Most buildings in this region were built in 1906 and are Class B.

West Village Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by car is the most popular way to get to work amongst West Village 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 West Village.
Market Report

Market Data

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