East Village Office Space

East Village

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
2,500
As of: May 18, 2017

East Village Rates

On average, listings lease in the $70's per square foot per year. The East Village submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 8% increase in rent.

Compared to the rest of the New York City market, the East Village submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

East Village Listing Supply

In the last 90 days, 2 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, 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 properties in this area are close to 5 stories. Most buildings in this market were built in 1900 and are Class A.

East Village Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst East Village occupants. Commuting more than an hour and a half 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 East Village.
Market Report

Market Data

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