NoHo Office Space

NoHo

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$82
Median Size (sqft)
3,000
As of: February 26, 2017

NoHo Rates

Most listings are in the $80's per square foot per year. The NoHo submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the New York City market, the NoHo submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

NoHo Listing Supply

In the last 90 days, 18 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available space in the NoHo are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 7 floors. Most buildings in this market were built in 1908 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 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