West Village Sublease

West Village

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$238
Median Size (sqft)
4,350
As of: June 28, 2017

West Village Rates

On average, listings lease in the $230's per square foot per year. The West Village region is seeing a an increase in rates. In the last 3 months, the median rate went up $238 per sqft per year.

Compared to the rest of the New York City market, the West Village submarket 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 been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 136% of the available leases in the West Village are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,350 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 4 stories. Most buildings in this market 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 area. Commute by car is the most popular way to get to work amongst West Village folk. 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