West Village Sublease

West Village

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$277
Median Size (sqft)
6,450
As of: January 22, 2017

West Village Rates

Most listings are in the $270's per square foot per year. The West Village region is experiencing a a boost in rates. In the last 3 months, the median rate rose $48 per sqft per year. That's a 21% increase in rent.

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

West Village Listing Supply

In the last 90 days, 25 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the office spaces in the West Village are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 6,450 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this area 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 occupants. Commuting approximately 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