Bowery Sublease

Bowery

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$85
Median Size (sqft)
2,000
As of: March 12, 2017

Bowery Rates

On average, listings lease in the $80'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 $6 per sqft per year. That's a 8% rise in rent.

Compared to the rest of the New York City market, the Bowery region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Bowery Listing Supply

In the last 90 days, 6 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Bowery 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.

The standard measurement for office space in this area is around 2,000 sqft. Most properties in this region are approximately 5 stories. Most buildings in this market 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 market. Most of the residents 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