HUDSON SQUARE/TRIBECA OFFICE SPACE
Rent in the Most Fashionable District in Manhattan
Hudson Square/Tribeca is located in the lower West Side of Manhattan. Hudson Square is located between Houston and Canal streets, and Tribeca is between Canal and Chambers streets. Both of these were traditionally industrial neighborhoods. New York City was, by the middle of the 20th century, the largest manufacturing city in the world. The loft buildings in these neighborhoods attest to that fact. In recent decades, New York has restructured its economy, becoming more of a service-based economy requiring office space rather than factories. Many of the old factories are excellent, highly adaptable buildings that can be retrofitted for all kinds of modern businesses. These properties are very attractive to creative industries such as architecture, design, fashion, public relations, advertising, Internet, software design, the arts, and publishing.
In the 1970s artists, who had been moving to nearby Soho for some years, also moved to Tribeca, where they converted manufacturing lofts into live-work spaces. As happens in New York, where the artists go, others follow. Soon Tribeca was a mecca of fine dining and upscale retail. It is today arguably the most fashionable neighborhood in Manhattan.
See Why Hudson Square Is Poised to Take Off
Hudson Square has followed suit. It may not possess the beauty of Tribeca or Soho, but it more than makes up for that in location. What can you say about a waterfront neighborhood bordered by Tribeca, Soho, and Greenwich Village ? Only that it is poised for great growth.
We Can Find You Office Space in Beautiful Landmark Properties.
Most of the buildings in Hudson Square/Tribeca are old. Almost all of Tribeca is a designated historic district, meaning that none of its buildings may be replaced. That is why in the whole of Hudson Square/Tribeca there are only six Class A buildings. As Hudson Square is not bound by the same historic preservation laws as Tribeca, we may presume that a good deal of new development will occur. Advertising giant Saatchi & Saatchi New York is headquartered in a state-of-the-art modern building in Hudson Square. That gives a good sense of the kinds of businesses attracted to this area.
Hudson Square has 28 Class B properties, with a 6.9% vacancy rate. There is a 13.3% vacancy rate among the 30 Class B properties in Tribeca. The average rent in both Hudson Square and Tribeca is $46.60 per square foot.
The 50 Class C properties in Hudson Square average $44.69 per square foot. There is a 20.9% vacancy rate. In Tribeca, there is a 5.3% vacancy rate among the 58 Class C properties, which average $50.01 per square foot.
Transportation is very good. The Broadway/Seventh Avenue line makes several local stops throughout Hudson Square/Tribeca, with an express stop at Chambers Street. Chambers Street is a major hub, with connections to the Eighth Avenue local and express lines.
Enjoy Unsurpassed Dining and Arts Scenes.
Amenities abound. Many of the city's highest-rated restaurants, including Chanterelle, Nobu, and Bouley, call Tribeca home, as do many high-end stores. The Tribeca Film Festival has become one of the major annual events in New York.
If you are in a creative field, or simply want to be in the center of fashion, then you should think seriously about Hudson Square/Tribeca.
Featured Properties
2,000 SF or Division to 1,800 SF
$7,166 for 2,000 SF or $6,450 for 1,800 SF
87-89 Fifth Avenue
Gramercy Park
Manhattan Office Space | New York City Office Space | Rent Office New York | NYC Office Space for Lease | Office Space New York
NYC Retail Space | Manhattan Loft Space |Showroom New York | Manhattan Showroom Rental
Commercial Real Estate New York |Commercial Real Estate Manhattan| Manhattan Office for Rent