Little Italy Retail

Little Italy

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
2,000
As of: February 24, 2017

Little Italy Rates

On average, listings lease in the $70's per square foot per year. The Little Italy region is going through a decrease in rates. In the last 3 months, the median rate fell $46 per sqft per year. That's a 39% decline in rent.

Compared to the rest of the New York City market, the Little Italy region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Little Italy Listing Supply

In the last 90 days, 1 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this region are close to 6 stories. Most buildings in this region were built in 1910 and are Class B.

Little Italy Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Little Italy occupants. Commuting close to an hour 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 Little Italy.
Market Report

Market Data

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