Hudson Square, bounded by Houston Street to the north, Canal Street to the South, Sixth Avenue to the east, and the Hudson River (of course) to the west, has experienced a commercial office renaissance in recent years thanks to multiple conversions of former industrial buildings into modern office, retail, and even residential space.
Indeed, the submarket was once known as the Printing District, and remains home to many media-related firms in the advertising, design, communications, and arts sectors, including advertising giant Saatchi and Saatchi, which set the trend for creative firms relocating below 34th Street when it became the anchor tenant at 375 Hudson Street in 1985. Technology companies too are seeing the submarket’s appeal – from historic architecture and easy subway access, to the Hudson River greenway just to the west. And multiple historic sites – from one of New York City’s oldest bars, the Ear Inn, on Spring Street, to the SoHo Playhouse, which stands on the site of Aaron Burr’s home and the headquarters of General George Washington, Hudson Square is replete with history, charm, and amenities that make it one of Manhattan’s best office locations.
Overall current inventory in the Hudson Square submarket is approximately 10 million square feet. As of the first quarter 2012, the vacancy rate was just over 13.5 percent. Average asking rents are approximately $52 per square foot; Class A asking rents are just shy of $70 per square foot.
The Best Manhattan Office Buildings in Hudson Square
- 10 Hudson Square
- The 12-story, 350,000-square-foot 10 Hudson Square is part of Trinity Real Estate's extensive - and high performing - commercial real estate portfolio in the Hudson Square submarket, which traces its roots back to the late 17th century when the area was nothing more than farmland.
- 160 Varick Street, New York, New York
- 155 Avenue of the Americas
- The historic 155 Avenue of the Americas is one of Hudson Square's - and Manhattan's - best performing office buildings.