Little Italy Office Space

Little Italy

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$118
Median Size (sqft)
2,000
As of: December 10, 2016

Little Italy Rates

On average, listings lease in the $110's per square foot per year. The Little Italy region is seeing a a rise in rates. In the last 3 months, the median rate increased $52 per sqft per year. That's a 78% increase in rent.

Compared to the rest of the New York City market, the Little Italy region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Little Italy Listing Supply

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

The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are approximately 6 floors. Most buildings in this area were built in 1910 and are Class B.

Little Italy Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Little Italy residents. 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 Little Italy.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Little Italy.
Research