Downtown Manhattan Retail

604 E 11th St Space
East Village, New York City, NY
INCREDIBLE EAST VILLAGE RESTORED FIRE-HOUSE PLUG & PLAY CREATIVE LOFT / OFFICE ***FLOORS CAN BE LEASED TOGETHER FOR A DUPLEX OFFICE OF 5000 SQFT. ***OR LEASE ONE FLOOR INDIVIDUALLY FOR 2300 SQFT. Architecturally stunning beautifully designed creative office space featuring high exposed ceilings, original wide plank pine wood floors, exposed brick, skylights, and private roof-deck. This office is two full 2300 square foot floors totaling 4600 square feet. This classic loft / office / townhouse has a chic stylish modern installation including floor to ceiling glass conference rooms, pre-built offices, large windowed wet pantry, and lots of dramatic open space perfect for your company's bull-pen, show-room, or studio needs. Excellent space for any office, showroom, or studio. This space is truly one of kind and spaces like this rarely hit the market so this space will not last long. Amazing office / showroom / studio opportunity for any Tech, Fashion, Advertising, Film / TV, Media or any business seeking a unique inspiring dynamic dramatic space for it's business. - Floor to ceiling glass conference rooms - Exposed ceilings - Original wide plank pine wood floors - Exposed brick - Skylights - Private roof deck - Large windowed wet pantry - Two floor space with 2,500 sqft on each floor - Chic stylish modern installation - Lots of open space - Restored firehouse space - Perfect for your company's bull pen, showroom, studio, any technology, fashion, advertising, film/TV, media or any business

Downtown Manhattan

Office Space Market Report

Number of Listings (last 90 days)
784
Median Rate ($/sqft/yr)
$69
Median Size (sqft)
3,450
As of: May 20, 2017

Downtown Manhattan Rates

The typical asking rate per listing is in the $60's per square foot per year. The Downtown Manhattan submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 5% decrease in rent.

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

Downtown Manhattan Listing Supply

In the last 90 days, 784 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Downtown Manhattan 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,450 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 6 floors. Most buildings in this region were built in 1913 and are Class A.

Downtown Manhattan Community

A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Manhattan occupants. Commuting approximately an hour and a half 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 Downtown Manhattan.
Market Report

Market Data

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