NoHo Retail

NoHo

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$86
Median Size (sqft)
2,980
As of: December 6, 2016

NoHo Rates

Most listings are in the $80's per square foot per year. The NoHo region is going through a a rise in rates. In the last 3 months, the median rate went up $86 per sqft per year. That's a Inf% increase in rent.

Compared to the rest of the New York City market, the NoHo submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

NoHo Listing Supply

In the last 90 days, 16 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the office spaces in the NoHo are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,980 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 7 floors. Most buildings in this market were built in 1905 and are Class B.

NoHo Community

A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst NoHo residents. Commuting more than 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 NoHo.
Market Report

Market Data

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