NoLita Office Space

NoLita

Office Space Market Report

Number of Listings (last 90 days)
4
Median Size (sqft)
6,000
As of: May 20, 2017

NoLita Rates

The typical asking rate per listing is in the $0's per square foot per year. The NoLita region is going through a decrease in rates. In the last 3 months, the median rate decreased $190 per sqft per year. That's a 100% decrease in rent.

NoLita Listing Supply

In the last 90 days, 4 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the office spaces in the NoLita 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 available, so finding a space for a small business might be tough.

Even though the median size is 6,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 5 floors. Most buildings in this area were built in 1900 and are Class A.

NoLita Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst NoLita residents. Commuting between 30 and 45 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 NoLita.
Market Report

Market Data

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