Chelsea Sublease


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 24, 2016

Chelsea Rates

On average, listings lease in the $60's per square foot per year. The Chelsea region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.

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

Chelsea Listing Supply

In the last 90 days, 132 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the available space in the Chelsea 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 11 floors. Most buildings in this market were built in 1915 and are Class B.

Chelsea Community

A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this market. Most of the occupants of Chelsea 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 Chelsea.
Market Report

Market Data

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