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.
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.
The Best Manhattan Office Buildings in Greenwich Village
- 51 Astor Place
- Designed by the Pritzker Prize-winning architect Fumihiko Maki, 51 Astor Place brings 13 stories and 440,000 square feet of Class A, high performing office space to the crossroads of Greenwich Village.