NoHo Office Space

NoHo

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$86
Median Size (sqft)
3,000
As of: June 22, 2017

NoHo Rates

On average, listings lease in the $80's per square foot per year. The NoHo region is going through a a rise in rates. In the last 3 months, the median rate went up $86 per sqft per year.

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

NoHo Listing Supply

In the last 90 days, 20 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 85% of the listings in the NoHo are subleases, so you might be able to sign a shorter term by taking over a previous 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 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 7 stories. Most buildings in this area were built in 1905 and are Class B.

NoHo Community

A large portion of this area 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 residents. 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