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250 Canal St

Civic Center, New York, NY

About 250 Canal St

Occupying one of Manhattan's heaviest trafficked corners, the property at 250 Canal Street in New York’s famous Chinatown District is ideal for tenants looking for exceptionally high foot traffic and prime visibility. With ca. 50,000 pedestrians passing by every day, this property represents an amazing opportunity for tenants looking to rent office space or retail premises in an area simply buzzing with potential customers.

Commuters working at 250 Canal Street have easy access to New York’s public transportation, for subway lines J, N, Q, R, Z and 6 are within steps of the building.

The proposed building’s size will comprise of 10,500 square feet of commercial space divided into two floors. With an average daily rider count of over 45,000 people, 250 Canal Street presents New York’s retailers and office-based companies with an incredible branding opportunity right on the corner of the Lafayette subway stop.

The landlord will consider divisions from 1,000 square feet upwards but requests the occupiers should be branded or national name tenants.

250 Canal Street will overlook what many New York residents regard as Chinatown’s very own Times Square. It will boast a mirror glass and steel facade, ideal for boutiques and gallery showrooms.

Internet Providers for 250 Canal St

Provider Technology Max Download Speed Max Upload Speed
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: Civic Center

On average, listings lease in the $60's per square foot per year. The Civic Center submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 13% decline in rent.

Compared to the rest of the New York City market, the Civic Center region has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Median Rate Median Size
Civic Center $63
/sqft/yr
4,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,300
sqft

Median Rate over Time in Civic Center