Alphabet City Retail

Alphabet City

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$66
Median Size (sqft)
2,500
As of: March 30, 2017

Alphabet City Rates

Most listings are in the $60's per square foot per year. The Alphabet City submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $33 per sqft per year. That's a 33% decline in rent.

Compared to the rest of the New York City market, the Alphabet City region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Alphabet City Listing Supply

In the last 90 days, 0 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the available leases in the Alphabet City are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this market were built in 1901 and are Class B.

Alphabet City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Alphabet City 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 Alphabet City.
Market Report

Market Data

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