Alphabet City Office Space

Alphabet City

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$65
Median Size (sqft)
2,500
As of: May 24, 2017

Alphabet City Rates

On average, listings lease in the $70's per square foot per year. The Alphabet City region is going through a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 8% rise in rent.

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

Alphabet City Listing Supply

In the last 90 days, 0 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About NaN% of the listings in the Alphabet City are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area are around 5 stories. Most buildings in this area were built in 1904 and are Class B.

Alphabet City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Alphabet City residents. 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 Alphabet City.
Market Report

Market Data

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