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221 Centre St

SoHo, New York, NY
Floors
10

About 221 Centre St

This remarkable, 10-story office building, located at 221 Centre St., offers a great opportunity to tenants looking to rent beautiful space between SoHo and Nolita.

Tenants of this beautiful, mixed-use building are treated to being in an excellent location. 221 Centre is located next to the Plaza Hotel. The area is well-trafficked from both visitors and residents alike, offering excellent exposure capabilities. The location is convenient to neighborhood amenities and Canal St’s many transit options are just a short walk to the west.

The retail space features floor-to-ceiling glass that spans nearly the entire width. Frontage along both Grand and Centre Streets, along with banner capabilities, promotes retail tenants on the ground floor. Office spaces on the upper floors also have abundant windows, allowing natural light to flood deep into the suites.

The exterior of 221 Centre features a burnt, light-red and light-brown façade that is graciously accented by ornate details and arches. Office space on the upper floors has distinct entrances separate from the retail tenants; each entrance offers an elegant, yet subtle, welcome.

Internet Providers for 221 Centre St

Provider Technology Max Download Speed Max Upload Speed
Stealth Communications Fiber
10 Gb/s
10 Gb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: SoHo

The typical asking rate per listing is in the $80's per square foot per year. The SoHo region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 5% decline in rent.

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

Median Rate Median Size
SoHo $86
/sqft/yr
4,700
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,380
sqft

Median Rate over Time in SoHo