Chelsea Office Space

544 W 27th St Space
Chelsea, New York City, NY

Chelsea

Office Space Market Report

Number of Listings (last 90 days)
280
Median Rate ($/sqft/yr)
$69
Median Size (sqft)
3,000
As of: June 26, 2017

Chelsea Rates

Most listings are in the $60's per square foot per year. The Chelsea region is experiencing a a rise in rates. In the last 3 months, the median rate rose $69 per sqft per year.

Compared to the rest of the New York City market, the Chelsea submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Chelsea Listing Supply

In the last 90 days, 280 listings have come on the market, so you'll want to check back regularly for new listings. About 118% of the available leases in the Chelsea 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,740 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 11 floors. Most buildings in this area were built in 1914 and are Class B.

Chelsea Community

A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Most of the folk of Chelsea work from home. 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 Chelsea.
Market Report

Market Data

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