West Village Office Space

West Village

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 25, 2016

West Village Rates

Most listings are in the $220's per square foot per year. The West Village submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $130 per sqft per year. That's a 131% increase in rent.

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

West Village Listing Supply

In the last 90 days, 12 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the listings in the West Village 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 3,750 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this area were built in 1911 and are Class A.

West Village Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by car is the most popular way to get to work amongst West Village residents. Commuting around an hour 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 West Village.
Market Report

Market Data

Real time and historical data on commercial real estate listings in West Village.