West Village Office Space

West Village

Office Space Market Report

Number of Listings (last 90 days)
27
Median Rate ($/sqft/yr)
$73
Median Size (sqft)
5,250
As of: February 26, 2017

West Village Rates

The typical asking rate per listing is in the $70's per square foot per year. The West Village submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $73 per sqft per year.

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

West Village Listing Supply

In the last 90 days, 26 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 4% of the available leases in the West Village are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 5,250 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 4 stories. Most buildings in this area were built in 1910 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 market. Commute by car is the most popular way to get to work amongst West Village folk. Commuting close to 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.
Research