Union Square Commercial Real Estate

26 W 17th St - Floor 6 Union Square, New York City, NY  
Nov 08
9,020
sqft
Sublease Office
47 W 14th St - 2 Spaces Flatiron, New York, NY plus basement
Nov 04
2,500 - 4,500
sqft
Retail Office
47 W 14th St - 2 Spaces Flatiron, New York, NY  
Aug 04
1,200 - 4,500
sqft
Retail Restaurant Office

Union Square

Market Report

Number of Listings
Posted in the last 90 days
30
Median Rate ($/sqft/yr)
$66
Median Size (sqft)
320

Union Square Commercial Real Estate

Find Union Square commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Union Square commercial real estate broker in Union Square's Top Broker Directory. Learn about Union Square commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Union Square Rates

On average, commerial real estate listings lease in the $60's per square foot per year. The Union Square region is going through a decline in rates. In the last 3 months, the median rate for lease decreased $26 per sqft per year.

Compared to the rest of the New York City commercial real estate market, the Union Square region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Union Square Listing Supply

In the last 90 days, 433 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 2% of the commercial real estate listings in the Union Square are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard size for office space in this area is around 320 sqft. Most properties in this market are around 9 floors. Most buildings in this market were built approximately 1908 and are Class .

Union Square Community

A large portion of this area is residential, but there's plenty of office space. Company management is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Union Square folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Union Square.
Research