Greenwich Village Office Space

80 5th Ave Unit 1818 (Floor Penthouse)
Greenwich Village, New York City, NY

Greenwich Village

Office Space Market Report

Number of Listings (last 90 days)
27
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
2,500
As of: June 22, 2017

Greenwich Village Rates

On average, listings lease in the $70's per square foot per year. The Greenwich Village submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $79 per sqft per year.

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 spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 104% 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 on the market, 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 buildings in this market are around 6 floors. 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 region. Commute by taxi is the most popular way to get to work amongst Greenwich Village residents. 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