38 West 39th Street

New York, NY 10018

212-581-3003

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Tribeca Office Space

  • Upon request
Tribeca

White St, NYC, Tribeca, Commercial loft space for lease

  • Upon request
White St, New York, NY 10013, USA

White St, NYC, Tribeca, Commercial loft space for lease 5,000 sf,  New to the market; Entire Full Floor,  Completely renovated […]

  • 5000 sf
  • Upon request
  • Commercial Loft Space, Office Space
Details

Tribeca

6 months ago
  • Upon request
255 Greenwich St, Tribeca

255 Greenwich St, Tribeca, Class A Office space

  • Upon request
255 Greenwich St, New York, NY 10007, USA

255 Greenwich St, Tribeca, Class A Office space for lease  6,000 – 11,700 SF, Ideal for office and medical -13’ […]

  • 6000 - 11,700 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Downtown Manhattan, Tribeca

6 months ago
  • 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

Hudson Street, NY, NY, Tribeca, Class B Office space for lease 5,100 – 10,000 sf, Hi floor, Vacant, move in […]

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

Downtown Manhattan, Tribeca

6 months ago
  • Upon request
Office Space Manhattan NYC

Broadway, NY, NY, Leonard St, Class B Office in Tribeca

  • Upon request
Broadway, New York, NY, USA

Broadway, NY, NY, Leonard St, Class B Office in Tribeca 4,700 sf,   3rd floor, Possession Arranged, Office space, Built […]

  • 4700 sf
  • Upon request
  • Office Space
Details

City Hall, Tribeca

7 months ago

Tribeca Office Space

Tribeca Office Space – Tribeca, originally was written as TriBeCa, is a neighborhood in Lower part of Manhattan, NYC. Its name is a short version 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 type space.

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%.

The difference of these prices is minimal, if  you check  the available commercial property databases, you will find out  that Tribeca office space lease rates are very similar to the average prices for New York. The requirement for Tribeca office inventory for rent will developing while giving a lot of different options.

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 entry to the 1,2,3  trains to the east and Hudson River Park to the West, Tribeca has a lot to offer,  entering into its way to make it a pinnacle-notch arrival for hip technology and media agencies looking for hip and commercial loft office to rent.

 

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

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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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