Greenwich Village Sublease

80 5th Ave Unit 1818 (Floor Penthouse)
Greenwich Village, New York City, NY

Greenwich Village

Office Space Market Report

Number of Listings (last 90 days)
27
Median Rate ($/sqft/yr)
$99
Median Size (sqft)
2,500
As of: July 26, 2017

Greenwich Village Rates

Most listings are in the $90's per square foot per year. The Greenwich Village submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 7% rise in rent.

Compared to the rest of the New York City market, the Greenwich Village submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Greenwich Village Listing Supply

In the last 90 days, 27 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 52% of the available leases in the Greenwich Village 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most properties in this market are close to 6 floors. Most buildings in this area were built in 1906 and are Class B.

Greenwich Village Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Greenwich Village folk. Commuting under 5 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 Greenwich Village.
Market Report

Market Data

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