The tables below summarize the range of rents
and number of new office spaces 1500-5000rsf in Midtown South,
including Chelsea, Gramercy Park, Greenwich Village, Hudson Square and Soho.
Chelsea
|
|
|
DIRECT SPACES
|
|
|
SUBLET SPACES
|
|
TOTAL |
|
# Spaces
|
Min |
Avg |
Max |
# Spaces
|
Min |
Avg |
Max |
Avg |
|
Off/Med
|
|
|
|
|
|
|
|
|
|
|
Negotiable |
0 |
- |
- |
- |
1 |
$26.40 |
$26.40 |
$26.40 |
$26.40 |
|
Plus Electric |
3 |
$52.00 |
$52.00 |
$52.00 |
1 |
$34.00 |
$34.00 |
$34.00 |
$38.07 |
|
Off/Ret
|
|
|
|
|
|
|
|
|
|
|
Full Service Gross |
1 |
- |
- |
- |
0 |
- |
- |
- |
- |
|
Negotiable |
1 |
- |
- |
- |
0 |
- |
- |
- |
- |
|
Plus Electric |
7 |
$29.50 |
$39.70 |
$89.29 |
0 |
- |
- |
- |
$39.70 |
|
Triple Net |
3 |
- |
- |
- |
0 |
- |
- |
- |
- |
|
Office
|
|
|
|
|
|
|
|
|
|
|
+ Elec & Clean |
2 |
$35.00 |
$35.00 |
$35.00 |
0 |
- |
- |
- |
$35.00 |
|
Full Service Gross |
9 |
$26.00 |
$30.71 |
$34.00 |
2 |
- |
- |
- |
$30.71 |
|
Modified Gross |
2 |
$26.00 |
$26.00 |
$26.00 |
0 |
- |
- |
- |
$26.00 |
|
Negotiable |
53 |
$27.00 |
$38.22 |
$55.00 |
12 |
$20.00 |
$28.49 |
$42.00 |
$37.23 |
|
Plus All Utilities |
3 |
$18.00 |
$18.00 |
$18.00 |
0 |
- |
- |
- |
$18.00 |
|
Plus Electric |
120 |
$20.00 |
$32.90 |
$125.00 |
15 |
$24.00 |
$27.07 |
$32.00 |
$32.81 |
|
TBD |
1 |
- |
- |
- |
2 |
- |
- |
- |
- |
|
Utilities & Char |
1 |
- |
- |
- |
0 |
- |
- |
- |
- |
| |
|
|
|
|
|
|
|
|
|
|
Gramercy Park
|
|
|
DIRECT SPACES
|
|
|
SUBLET SPACES
|
|
TOTAL |
|
# Spaces
|
Min |
Avg |
Max |
# Spaces
|
Min |
Avg |
Max |
Avg |
|
Off/Med
|
|
|
|
|
|
|
|
|
|
|
Negotiable |
5 |
$30.00 |
$40.29 |
$50.00 |
0 |
- |
- |
- |
$40.29 |
|
Plus Electric |
3 |
$25.00 |
$31.26 |
$42.00 |
0 |
- |
- |
- |
$31.26 |
|
Off/Ret
|
|
|
|
|
|
|
|
|
|
|
Plus Electric |
6 |
$25.00 |
$44.62 |
$60.00 |
0 |
- |
- |
- |
$44.62 |
|
Office
|
|
|
|
|
|
|
|
|
|
|
Full Service Gross |
11 |
$31.00 |
$35.75 |
$36.00 |
1 |
- |
- |
- |
$35.75 |
|
Negotiable |
22 |
$28.80 |
$41.82 |
$45.00 |
5 |
$38.40 |
$38.40 |
$38.40 |
$41.80 |
|
Plus All Utilities |
2 |
$35.00 |
$35.00 |
$35.00 |
0 |
- |
- |
- |
$35.00 |
|
Plus Electric |
49 |
$23.50 |
$38.68 |
$50.00 |
5 |
$29.00 |
$36.26 |
$38.00 |
$38.61 |
|
TBD |
2 |
$35.00 |
$35.00 |
$35.00 |
0 |
- |
- |
- |
$35.00 |
|
Utilities & Char |
