West Village Retail

West Village

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$92
Median Size (sqft)
5,850
As of: March 29, 2017

West Village Rates

On average, listings lease in the $90's per square foot per year. The West Village submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $185 per sqft per year. That's a 67% decline in rent.

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

West Village Listing Supply

In the last 90 days, 25 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,850 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 4 floors. Most buildings in this area were built in 1910 and are Class A.

West Village Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by car is the most popular way to get to work amongst West Village 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 West Village.
Market Report

Market Data

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