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Tribeca Office Space

  • Upon request
Hudson Street, NY, NY, Tribeca, Class B Office space for lease

Hudson Street, NY, NY, Tribeca, Class B Office space for lease

  • Upon request
Hudson St, New York, NY, 10013

5,100 – 10,000 sf, Hi floor, Vacant, move in condition, Office space, Excellent light. Fully wired for voice and data. […]

  • 5100 - 10,000 Sq Ft
  • Upon request
  • Office Space

Downtown Manhattan, Tribeca

4 months ago

Tribeca Office Space

Tribeca Office Space – Tribeca, originally written as TriBeCa, is a neighborhood in Lower Manhattan, New York City. Its name is a syllabic abbreviation of “Triangle Below Canal Street”. Tribeca has gained a reputation as a trendy district in downtown Manhattan and of the best place to live in New York City. It is also popular as a home to the film festival “Tribeca”. This colorful neighborhood in NYC is full of interesting industrial and historic buildings, now renovated as a beautiful and artistic office space. Because of this, it is home to many artistic and small businesses.

Tribeca Office Space for lease

Overall Tribeca is offering a very small office space to lease – just a little over 10 million square feet of office space available in its inventory. Tribeca is also a highly sought after office market, and one of Manhattan’s most high-profile locations. The common office space for rent here is mostly located in old industrial buildings – spacious and bright interior in loft-style.

The transformation has changed many of those buildings as a mix of studios to live in and creative office space for businesses to lease. Providing creative office space to rent and perfect central location, Tribeca is a highly demanded place for many businesses.
How all this is reflected in the market for office spaces for rent or lease?

Demand and prices for office space for rent in Tribeca

Depending on the class type A or B, the overall market in Tribeca asks between $75 and $65 per square foot. Because the amount of space to rent or lease is very limited, but as the area is much demanded, the percentage of average vacancy is already around 5% – some of the lowest in Manhattan and below the Manhattan average of 10%.

If you compare these prices to the publicly available commercial real estate leasing data, you will see that Tribeca office space lease rates are close to the average price for New York. The demand for office spaces for rent is likely to continue growing while still offering limited choices.

Transportation in Tribeca

Thousands of people are coming each day in Tribeca – the beautiful parks are attracting many tourists, students, and workers. It is a perfectly located neighborhood, very easily accessible by public transport. With convenient access to the 1,2,3 subway to the east and Hudson River Park to the West, Tribeca has a lot of things going in its favor to make it a top-notch destination for hip technology and media companies seeking hip and industrial office space for lease.

 Broadway–Seventh Avenue Line Tomato red "1" train"2" train"3" train


Tribeca Office Space 0
Tribeca Office Space 03
Tribeca Office Space 03


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%

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

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%

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