NoMad Office Space

NoMad

Office Space Market Report

Number of Listings (last 90 days)
259
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
1,650
As of: June 24, 2017

NoMad Rates

On average, listings lease in the $70's per square foot per year. The NoMad region is going through a a rise in rates. In the last 3 months, the median rate went up $79 per sqft per year.

Compared to the rest of the New York City market, the NoMad region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

NoMad Listing Supply

In the last 90 days, 259 listings have been made available, so you'll want to check back regularly for new listings. About 79% of the listings in the NoMad 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.

The standard measurement for office space in this area is around 1,650 sqft. Most properties in this area are approximately 12 floors. Most buildings in this market were built in 1914 and are Class B.

NoMad Community

Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst NoMad folk. Commuting approximately 20 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 NoMad.
Market Report

Market Data

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