Greenwich Village Submarket Overview
Perhaps Midtown South’s most quintessential New York City neighborhood, Greenwich Village/NoHo is widely known for its stately brownstones and mid-rise apartment buildings that flank Washington Square Park and New York University. But as the Village’s demographics have shifted from bohemian artist to white shoe professional over the past twenty years, it also turned from a purely residential district into one where commercial office space is highly prized.
Running from Houston Street to West 14th Street and the Bowery to Seventh Area, the Greenwich Village submarket boasts numerous pre-war commercial office buildings, many of which once served as manufacturing facilities. Greenwich Village is also home to New York City’s original green building: the George Post-designed 700 Broadway, which served for nearly 20 years as the headquarters of the National Audubon Society until it moved into LEED Platinum offices at 225 Varick Street in 2008. And, soon, the Village will welcome one of Manhattan’s most widely anticipated boutique, trophy commercial office buildings: the Fumihiko Maki-designed 51 Astor Place, which could become the headquarters of any number of heavyweight technology companies.
Greenwich Village Inventory, Vacancy Rate, & Asking Rents
Overall current inventory in the Greenwich Village/NoHo submarket is approximately 4.5 million square feet. As of the first quarter 2012, the vacancy rate was just over 5 percent. Average asking rents are approximately $40 per square foot.
Map of Greenwich Village Office Properties
Current LEED-certified, Energy Star-rated, and historic commercial office buildings in the Greenwich Village submarket are displayed below. You can also use the options tab to expand your search into other New York City submarkets.