Bowery Sublease

Bowery

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,660
As of: June 24, 2017

Bowery Rates

Most listings are in the $30's per square foot per year. The Bowery submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $40 per sqft per year.

Compared to the rest of the New York City market, the Bowery submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Bowery Listing Supply

In the last 90 days, 6 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 183% of the available leases in the Bowery are subleases, so you might be able to find a shorter term or below market rent. 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 1,660 sqft. Most buildings in this region are close to 5 stories. Most buildings in this area were built in 1910 and are Class C.

Bowery 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. Most of the folk of Bowery work from home. 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 Bowery.
Market Report

Market Data

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