Lower East Retail

Lower East

Office Space Market Report

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

Lower East Rates

The typical asking rate per listing is in the $30's per square foot per year. The Lower East region is going through a a rise in rates. In the last 3 months, the median rate went up $14 per sqft per year. That's a 56% rise in rent.

Lower East Listing Supply

In the last 90 days, 3 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,350 sqft. Most buildings in this area were built in 1989 and are Class A.

Lower East Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Lower East 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 Lower East.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lower East.