NoHo Office Space

NoHo

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$86
Median Size (sqft)
2,980
As of: December 7, 2016

NoHo Rates

Most listings are in the $80's per square foot per year. The NoHo submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $86 per sqft per year.

Compared to the rest of the New York City market, the NoHo submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

NoHo Listing Supply

In the last 90 days, 16 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the NoHo are subleases, so you will probably have to focus your search on direct office leases. 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 2,980 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 7 stories. Most buildings in this market were built in 1905 and are Class B.

NoHo Community

A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst NoHo folk. Commuting more than an hour and a half 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 NoHo.
Market Report

Market Data

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