Chelsea Retail

Chelsea

Office Space Market Report

Number of Listings (last 90 days)
280
Median Rate ($/sqft/yr)
$69
Median Size (sqft)
2,790
As of: June 23, 2017

Chelsea Rates

Most listings are in the $60's per square foot per year. The Chelsea submarket is going through a a rise in rates. In the last 3 months, the median rate increased $69 per sqft per year.

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

Chelsea Listing Supply

In the last 90 days, 280 listings have been posted online, so you'll want to check back regularly for new listings. About 120% of the available space in the Chelsea are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,740 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 11 floors. Most buildings in this area were built in 1914 and are Class B.

Chelsea Community

A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Most of the folk of Chelsea work from home. 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 Chelsea.
Market Report

Market Data

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