NoHo Sublease

NoHo

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$86
Median Size (sqft)
2,000
As of: May 25, 2017

NoHo Rates

The typical asking rate per listing is in the $80's per square foot per year. The NoHo region is experiencing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 5% rise in rent.

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

NoHo Listing Supply

In the last 90 days, 20 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the listings in the NoHo 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 posted, 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 market are around 7 floors. Most buildings in this market were built in 1905 and are Class B.

NoHo Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst NoHo residents. Commuting more than an hour and a half 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 NoHo.
Market Report

Market Data

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