New data shows that SoHo's 7.3 million square feet of office space is experiencing renewed interest from tenants seeking boutique, loft-style environments. Mitch Waldman of Cogent Realty Advisors highlights new availabilities and market trends in his latest SoHo leasing guide for commercial tenants.
-- SoHo's creative office and loft spaces are seeing renewed attention from businesses seeking boutique, non-traditional work environments. In response to this growing demand, Mitch Waldman of Cogent Realty Advisors published a new guide featuring current availabilities and key market data.
With its cast iron architecture, artistic energy, and brand-defining aesthetic, SoHo continues to attract firms looking for space that reflects a modern, high-end identity. The area offers direct subway access via the A/C/E, N/R/W, and 6 lines, and places tenants at the center of premier dining, galleries, and retail.
"Tenants are drawn to SoHo for its creative vibe and loft-style offices that stand apart from Midtown's glass towers," said Mitch Waldman, Principal at Cogent Realty Advisors, a licensed no-fee commercial real estate broker representing New York City tenants.
According to data from Costar, the SoHo office market consists of 162 buildings totaling 7.3 million square feet. The average asking rent is $58.90 per square foot, with a current vacancy rate of 22.7 percent.
Many SoHo buildings offer unique features such as private full-floor layouts, boutique ownership, fiber connectivity from multiple providers, and newly renovated lobbies. However, amenities can vary by property, and most buildings prioritize authenticity over corporate polish.
Featured Listings from the Guide Include:
- 131 Spring Street: 5,775 RSF; newly built with space for 30+, conference and meeting rooms, pantry, and two restrooms
- 425 Broadway: 3,300 RSF private floor with furniture; asking rent $16,500
- 39 Wooster Street: 2,500 RSF; flexible lease terms; asking $9,700
- 110 Greene Street: Fully renovated space in one of SoHo's most respected buildings
The full SoHo office space resource, which also includes a broader overview of the New York City office market, is available here: https://rentnyoffice.com/creative-office-space-for-rent-in-soho-nyc/
About Cogent Realty Advisors
Founded in 2002, Cogent Realty Advisors, Inc. is a New York State licensed commercial real estate firm that exclusively represents office tenants. Businesses pay no broker fee for its services. The firm provides independent expertise, from space search through lease negotiation, ensuring clients secure the most favorable terms.
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