Chinatown Sublease

Chinatown

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
6,930
As of: August 17, 2017

Chinatown Rates

On average, listings lease in the $50's per square foot per year. The Chinatown submarket is going through a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 15% decline in rent.

Chinatown Listing Supply

In the last 90 days, 3 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available space in the Chinatown are subleases, so you might be able to snag a great spot on a short term. 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 6,930 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 8 floors. Most buildings in this market were built in 2004 and are Class A.

Chinatown Community

This market is fairly equally mixed residential and commercial. Construction is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Chinatown residents. Commuting approximately 10 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 Chinatown.
Market Report

Market Data

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