Financial District Office Space

Financial District

Office Space Market Report

Number of Listings (last 90 days)
333
Median Rate ($/sqft/yr)
$69
Median Size (sqft)
6,130
As of: February 27, 2017

Financial District Rates

The typical asking rate per listing is in the $60's per square foot per year. The Financial District submarket is going through a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 6% increase in rent.

Compared to the rest of the New York City market, the Financial District region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Financial District Listing Supply

In the last 90 days, 322 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the available leases in the Financial District 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 available, so finding a space for a small business might be tough.

Even though the median size is 6,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 22 floors. Most buildings in this area were built in 1928 and are Class A.

Financial District Community

Information is the dominant industry in this market. Most of the folk of Financial District work from home. Commuting approximately an hour 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 Financial District.
Market Report

Market Data

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