Chinatown Retail

Chinatown

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$70
Median Size (sqft)
2,050
As of: August 15, 2017

Chinatown Rates

Most listings are in the $60's per square foot per year. The Chinatown region is going through a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 29% increase in rent.

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

Chinatown Listing Supply

In the last 90 days, 24 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 117% of the office spaces in the Chinatown are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,050 sqft. Most buildings in this market are close to 6 floors. Most buildings in this region were built in 1913 and are Class A.

Chinatown 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 taxi is the most popular way to get to work amongst Chinatown residents. Commuting around 20 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 Chinatown.
Market Report

Market Data

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