NoMad Sublease

NoMad

Office Space Market Report

Number of Listings (last 90 days)
259
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
1,660
As of: June 22, 2017

NoMad Rates

On average, listings lease in the $70's per square foot per year. The NoMad submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $77 per sqft per year.

Compared to the rest of the New York City market, the NoMad region has higher rates, and you'll need to make a great offer to be in this hot region.

NoMad Listing Supply

In the last 90 days, 259 listings have been listed, so you'll want to check back regularly for new listings. About 87% of the listings in the NoMad are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,680 sqft. Most properties in this region are approximately 12 floors. Most buildings in this market were built in 1914 and are Class B.

NoMad Community

Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst NoMad residents. Commuting close to 20 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 NoMad.
Market Report

Market Data

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