Hudson Square Office Space

Hudson Square

Office Space Market Report

Number of Listings (last 90 days)
54
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
11,240
As of: December 10, 2016

Hudson Square Rates

On average, listings lease in the $70's per square foot per year. The Hudson Square submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 10% decline in rent.

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

Hudson Square Listing Supply

In the last 90 days, 42 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available leases in the Hudson Square are subleases, so you will probably have to consider a longer term lease. 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 11,240 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 10 stories. Most buildings in this market were built in 1924 and are Class A.

Hudson Square Community

Health care is the dominant industry in this market. Most of the folk of Hudson Square work from home. Commuting close to 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 Hudson Square.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hudson Square.
Research