Cost of an Office in Chelsea… Avg. Quoted Rent now $61.29 PSF
The Cost of an Office in Chelsea
Google Bridge over 15th Street
The Cost of an Office in Chelsea at the end of the third quarter of 2015 averaged a quoted $61.29 per rentable square foot according to Costar, the Commercial Real Estate Information Company. The boundaries of the Chelsea sub-market are shown in the map below.
Chelsea Office Rents by Building Class
A more detailed analysis of the Chelsea office sub-market market is found in the table below. (Note: In the table, RBA = Rentable Building Area. That is the total square footage of a building that can be occupied by, or assigned to a tenant for the purpose of determining a tenant’s rental obligation.) “Quoted Rent” is the average rent for a specific Building Class.
Sample Offices in Chelsea
Office availability and pricing changes frequently. Contact Cogent Realty for current information: (212) 509-4049.
113 West 18th Street
3,250 RSF, asks $65
135 West 20th Street
2,750 RSF, asks $48
Photo courtesy Costar
20 West 22nd Street
2,145 RSF, New Office
Call for rent
50 West 23rd Street
Private Floor, asks $78
Photo courtesy CoStar
151 West 25th Street
6,500 RSF, asks $46.50
236 West 30th Street
Private Floor & Terrace
4,200 RSF, asks $54
BEST STRATEGY FOR LEASING AN OFFICE IN CHELSEA
Your organization can save valuable time and money when it uses Cogent Realty to find office space. By using our extensive building and Landlord database combined with the most current lease pricing information, Cogent will negotiate the optimal terms for you. Cogent Realty is an independent and licensed NO FEE Tenant Representation Broker with over 15 years of experience representing NYC businesses that lease office space. Contact us today: (212) 509-4049.
