Tribeca Sublease

Tribeca

Office Space Market Report

Number of Listings (last 90 days)
100
Median Rate ($/sqft/yr)
$66
Median Size (sqft)
2,460
As of: June 25, 2017

Tribeca Rates

On average, listings lease in the $60's per square foot per year. The Tribeca region is experiencing a a boost in rates. In the last 3 months, the median rate increased $66 per sqft per year.

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

Tribeca Listing Supply

In the last 90 days, 100 listings have been posted online, so you'll want to check back regularly for new listings. About 79% of the available space in the Tribeca 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 2,460 sqft. Most properties in this area are around 6 stories. Most buildings in this area were built in 1915 and are Class A.

Tribeca Community

This market is fairly equally mixed residential and commercial. Education is the dominant industry in this market. Most of the residents of Tribeca work from home. Commuting approximately 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 Tribeca.
Market Report

Market Data

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