Lower East Sublease

Lower East

Office Space Market Report

Number of Listings (last 90 days)
0
As of: December 9, 2016

Lower East Rates

On average, listings lease in the $0's per square foot per year. The Lower East submarket is seeing a decline in rates. In the last 3 months, the median rate fell $40 per sqft per year. That's a 100% decline in rent.

Lower East Listing Supply

In the last 90 days, 0 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the available leases in the Lower East 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around  sqft. Most buildings in this market were built in 1989 and are Class A.

Lower East Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Lower East occupants. Commuting between 30 and 45 minutes 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 Lower East.
Market Report

Market Data

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