East Village Office Space

East Village

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

East Village Rates

Most listings are in the $180's per square foot per year. The East Village region is going through a decrease in rates. In the last 3 months, the median rate fell $61 per sqft per year. That's a 25% decrease in rent.

Compared to the rest of the New York City market, the East Village region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

East Village Listing Supply

In the last 90 days, 1 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 4,310 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this region were built in 1900 and are Class B.

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 market. Commute by walking is the most popular way to get to work amongst East Village folk. 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.