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Art Gallery Space in New York City

Featured
  • Upon request
Chelsea West 25th Street NY NY Class A Office space for lease

Chelsea West 25th Street NY NY Class A Office space for lease

  • Upon request
W 25th St, New York, NY, USA

Chelsea West 25th Street NY NY Class A Office space for lease    Office space for Lease: Entire 12th Floor: […]

  • 4000 Sq Ft
  • Upon request
  • Gallery Space, Office Space
Details

Chelsea

4 months ago
  • Upon request
West 20s, 10th Ave. Chelsea, Art Gallery District 3,000-10,000 sf for lease

West 20s, 10th Ave. Chelsea, Art Gallery District 3,000-10,000 sf for lease

  • Upon request
20 10th Ave, New York, NY 10014, USA

West 20s, 10th Ave. Chelsea, Art Gallery District 3,000-10,000 sf for lease   3,000 sf, 5,000 sf, 10,000 sf,   […]

  • 3000 - 10,000 Sq Ft
  • Upon request
  • Gallery Space, Retail Space, Showroom Space
Details

Chelsea

5 months ago
  • Upon request
11th Ave Chelsea, Art Gallery, Showroom

11th Ave Chelsea, Art Gallery, Showroom space 2500-4000 SF for rent

  • Upon request
11th Ave, New York, NY 10011, USA

11th Ave Chelsea,  Art Gallery, Showroom space 2500-4000 sf for lease High floors 2,500 – 3,000 -4,000 SF Built space […]

  • 2500 4000 Sq Ft
  • Upon request
  • Gallery Space, Office Space
Details

Chelsea

5 months ago

West 20s, Manhattan NYC, Chelsea, Art Gallery District, space for lease

  • Upon request
West 20s St, New York, NY 10011

West 20s, Manhattan NYC, Chelsea, Art Gallery District, space for lease 3,000 sf, 5,000 sf, 10,000 sf, Ground and 2nd […]

  • 3000 - 5000 Sq Ft
  • Upon request
  • Gallery Space, Showroom Space
Details

Chelsea

6 months ago
  • Upon request
W 20s, Chelsea, Art Gallery District, space for lease or sale

W 20s, Chelsea, Art Gallery District, space for lease or sale

  • Upon request
Chelsea, New York, NY, USA

3,000 sf, 5,000 sf, 10,000 sf, Ground and 2nd floor for Lease or sale, term 3-15 yrs, Vacant, Retail/Office/Art Gallery/Showroom […]

  • Gallery Space
Details

Chelsea

6 months ago
  • Upon request
W 20s St. West Chelsea, loft office, showroom or gallery space for lease

W 20s St. West Chelsea, loft office, showroom or gallery space for lease

  • Upon request
W 20th St, New York, NY 10011, USA

W 20s St. West Chelsea, loft office, showroom or gallery space for lease 5,000 sf, -11,000 sf, top floor, Lease […]

  • 5000 - 11,000 Sq Ft
  • Upon request
  • Gallery Space, Showroom Space
Details

Chelsea

6 months ago

Art Gallery Space in New York City

Art Gallery Space in New York City – The art galleries in New York City are something around 1,450 which is considered unofficially as the highest concentration in the entire world. Famous artists are located in Manhattan, specifically in neighborhoods like Chelsea, the Upper East Side and the Lower East Side. Best known art galleries in the city are the Gagosian Gallery, the David Zwirner Gallery, and Christie’s. The world of art galleries has come to a complicated and tide relationship on the market.

Tough days made artist tend to make a significant and complicated choice moving their Galleries to cheaper places in New York City causing up and down trends in the neighborhood. Local industries drive real estate pricing, especially in a domestic hub like New York City. Dynamic movements have been seen in retail and critical local business area as well as trends in the global economy. In general, real estate prices have an impact on how and where art galleries in New York City will operate.

Lease/rent Art Gallery Space in New York City

Gallery owners are seeking real estates in Manhattan with the ground floor. This particular first-floor demand is causing regular people to stop in and browse. On the market of real estate, connoisseurs have many choices such as choosing from ten- to fifteen-foot ceilings provide ample display space for large pieces and enhance the dramatic effect.

Wide, open floor space creates specialized areas for 3D art or strange installations. Large windows and natural sunlight with no doors or walls to restrict movement is the most often choice of all artist. Finding and renting an art galleries space for your presentation in New York City depends on knowing where to seek. Rental prices for art gallery space in NYC depend on where is located, size, and how many years is the lease.

Massive neighborhoods like Chelsea or the Upper East Side,    art gallery rents range from $4,000 p/month for a smaller space to more than $30,000 p/month for more extensive galleries. For example, in the Chelsea area before the 2008 financial crash, rents in Chelsea averaged around $90/$100 per square foot for a ground-floor location. After that, in 2019, the prices are near $120. Compared to other areas, the majority of locations across the Lower East Side are smaller. Looking to the Lower East Side art gallery space shifting rents and the moving of existing buildings have caused Chelsea to lose half-dozen galleries per year.

New developments have moved rents to around $115/$125 per square foot, making it affordable to what a gallery might pay in Manhattan. This makes galleries looking for cheaper places farther east, to Bushwick, where rents are $30–$60 per square foot.

 Art Gallery Space for Sale in NYC

High-end galleries, such as David Zwirner and Gagosian, own their gallery spaces, and thus relatively immune to the up and downs rents. People already know that it is hard to find space for sale at an excellent price to afford. Therefore artists choose more likely renting spaces rather than going to a long term commitment.

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Art Gallery Space in New York City
Art Gallery Space in New York City

MANHATTAN OFFICE SPACE MARKET INFORMATION

INVENTORY SF 376 M +1.0% Prior Period 373 M
UNDER CONSTRUCTION SF10.2 M -10.3%Prior Period 11.4 M
VACANCY RATE11.7% +1.0%Prior Period 10.7%
AVERAGE MARKET RENT/SF$76.15 +1.2%Prior Period $75.25
MARKET SALE PRICE/SF$904 +2.9%Prior Period $878
MARKET CAP RATE4.3% Prior Period 4.3%

Availability
Vacant SF 40.7 M Sublet SF 11.8 M
Availability Rate 18.3% Available SF 65.8 M
Available average Asking Rent/SF $60.04
Occupancy Rate 88.3% Percent Leased Rate 91.5%
Office Sales Past Year
Asking Price Per SF $701
Sale to Asking Price Differential -1.4%
Sales Volume $7.5 B
Properties Sold 104
Months to Sale 11.0
For Sale Listings 142
Total For Sale SF 1.3 M

Demand
12 Months Net Absorp % of Inventory -0.1%
12 Months Leased SF 32 M
Months on Market 8.2
Months to Lease 12.1
Months Vacant 11.0
24 Months Lease Renewal Rate 35.1%
Population Growth 5 Years 3.0%

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • 300 - 20,000 Sq Ft
  • $70/per SF
  • Medical Office Space, Office Space
Featured

30 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1700 - 3500 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

18 W 33rd St, Herald Square, NY Office Medical space for lease 1400-2800 square feet

  • 2800 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

36 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1560 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

250 W 54th St, Columbus Circle, NYC Class B Office space for lease

  • 1850 - 3000-10,000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

14 E 55th Street, Plaza District, NY, Medical office space for lease 2,000 + 2,000 sf

  • 2000 Sq Ft
  • Negotiable
  • Office Space, Showroom Space

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