Chelsea, Garment District & Soho Commercial Loft Space

Commercial loft space is defined as an open space with high ceilings and either wood or concrete floors. This category of commercial space is located in former manufacturing or warehouse buildings that have been converted to office use. Most Manhattan loft buildings are located in Chelsea, The Garment District, Tribeca, Soho, Greenwich Village and Hudson Square.
 

Open Plan Spaces with High Ceilings

Most floor plate sizes in Manhattan loft buildings range between 2,500-10,000 Square Feet. They tend to be between 6 to 12 stories high with a total square footage rarely exceeding 100,000 Square Feet. However, a few former manufacturing buildings, such as the Starrett Lehigh Building on West 26^th Street, are much larger, with a total Square Footage exceeding two million square feet. Manhattan commercial loft buildings generally have at least one freight elevator and at least one passenger elevator. In commercial loft space, ceiling heights vary between eleven and fourteen feet, substantially higher than traditional office space, where drop ceiling height is typically nine feet.

Companies that rent loft space like to maintain an open environment. When they do build offices, the walls go up eight feet, leaving several feet of clearance below the high ceilings.

Manhattan Loft Space Featured Properties

Full Floor Commercial Loft
2,750 SF
$10,312
Hudson Street
Tribeca

Commercial Loft
1,524 SF
$3,683
Broadway
Chelsea

Commercial Loft
3,708 SF
$9,115
Broadway
Chelsea

Office Loft Sublet
1,400 SF
$4,083
102 West 38th Street
Fashion District

Commercial Loft
2500 SF
$5,208/Month
East 33rd Street
Murray Hill

Loft Space
3,700SF
$10,175
Broadway
Greenwich Village

Office Loft
2300SF
$8,625
Broadway
Greenwich Village

Commercial Loft
1130 SF
$3201
Broadway
Chelsea/Madison Square

Office or Medical
2,100 SF
$6,300
21st Street
Flatiron District

Showroom, Office or Medical
4,000 SF
$10,000
West 39th Street
Garment/Accessory District

Manhattan Office Space Suited to Creative Firms

Creative companies such as publishing, computer animation, film production, fashion design, architecture, graphic design and web design firms are attracted to commercial loft space. Most service businesses like skin care salons, dance studios, martial arts studios, dance studios and yoga studios also prefer loft space. They value full floor identities as well as column less spaces which can be found in small boutique buildings.

Affordable Commercial Rents

Mostly classified as “Class C” buildings, loft spaces are more affordable than conventional office spaces: base rents for loft space in The Garment District start in the range of $25.00 per Square Foot. But unlike tenants renting traditional office space, commercial loft tenants are responsible for incidental charges such as water, sprinkler and guard service.