West Village Sublease

West Village

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$238
Median Size (sqft)
13,740
As of: May 22, 2017

West Village Rates

On average, listings lease in the $230's per square foot per year. The West Village submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $145 per sqft per year. That's a 158% increase in rent.

Compared to the rest of the New York City market, the West Village region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

West Village Listing Supply

In the last 90 days, 25 listings have come on the market, which means new listings might be leasing quickly. 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 13,740 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this region were built in 1910 and are Class A.

West Village Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst West Village residents. Commuting close to an hour 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 West Village.
Market Report

Market Data

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