Lower East Side Office Space

Lower East Side

Office Space Market Report

Number of Listings (last 90 days)
3
Median Size (sqft)
850
As of: May 29, 2017

Lower East Side Rates

Most listings are in the $0's per square foot per year. The Lower East Side region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $66 per sqft per year. That's a 100% decrease in rent.

Lower East Side Listing Supply

In the last 90 days, 3 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 67% of the office spaces in the Lower East Side 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.

The standard measurement for office space in this area is around 850 sqft. Most properties in this region are approximately 5 stories. Most buildings in this region were built in 1920.

Lower East Side Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Most of the folk of Lower East Side work from home. Commuting approximately 15 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 Lower East Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lower East Side.
Research