NoHo Retail

NoHo

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$86
Median Size (sqft)
2,000
As of: May 25, 2017

NoHo Rates

On average, listings lease in the $80's per square foot per year. The NoHo submarket is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 3% increase in rent.

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

NoHo Listing Supply

In the last 90 days, 20 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the office spaces in the NoHo are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 7 floors. Most buildings in this region were built in 1905 and are Class B.

NoHo Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst NoHo folk. 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