NoLita Sublease

We couldn't find any office and live/work spaces for Sublease

NoLita

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$65
Median Size (sqft)
3,500
As of: December 8, 2016

NoLita Rates

The typical asking rate per listing is in the $60's per square foot per year. The NoLita region is seeing a an increase in rates. In the last 3 months, the median rate increased $65 per sqft per year.

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

NoLita Listing Supply

In the last 90 days, 4 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,500 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 5 floors. Most buildings in this area were built in 1900 and are Class A.

NoLita Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst NoLita occupants. 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 NoLita.
Market Report

Market Data

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