Lower East Side Sublease

Lower East Side

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Lower East Side Rates

The typical asking rate per listing is in the $100's per square foot per year. The Lower East Side region is seeing a decline in rates. In the last 3 months, the median rate fell $25 per sqft per year. That's a 19% decrease in rent.

Compared to the rest of the New York City market, the Lower East Side submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

Lower East Side Listing Supply

In the last 90 days, 3 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,700 sqft. Most properties in this market are approximately 5 floors. Most buildings in this region were built in 1920.

Lower East Side Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Most of the folk of Lower East Side work from home. Commuting around 15 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 Lower East Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lower East Side.