Greenwich Village Office Space

Greenwich Village

Office Space Market Report

Number of Listings (last 90 days)
27
Median Rate ($/sqft/yr)
$92
Median Size (sqft)
2,510
As of: May 23, 2017

Greenwich Village Rates

On average, listings lease in the $90's per square foot per year. The Greenwich Village submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 3% decline in rent.

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

Greenwich Village Listing Supply

In the last 90 days, 27 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 11% of the office spaces in the Greenwich Village 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 2,510 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 6 stories. Most buildings in this market were built in 1906 and are Class B.

Greenwich 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 taxi is the most popular way to get to work amongst Greenwich Village occupants. Commuting under 5 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 Greenwich Village.
Market Report

Market Data

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