Chinatown Retail

Chinatown

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$54
Median Size (sqft)
1,270
As of: June 28, 2017

Chinatown Rates

On average, listings lease in the $60's per square foot per year. The Chinatown region is going through a a boost in rates. In the last 3 months, the median rate rose $64 per sqft per year.

Compared to the rest of the New York City market, the Chinatown region has lower 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 posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 121% of the available leases in the Chinatown are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,270 sqft. Most properties in this area are around 6 floors. Most buildings in this area were built in 1912 and are Class C.

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 market. Commute by taxi is the most popular way to get to work amongst Chinatown residents. Commuting approximately 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