The Lower East Side, which developed from strong immigrant roots, is one of the oldest neighborhoods in Manhattan, New York. Sometimes abbreviated as LES, the Lower East Side is located between FDR Drive to the east, East Houston Street to the north, Bowery to the west, and Canal Street to the south. The Lower East Side is near East Village, Chinatown, Little Italy, Alphabet City, Bowery, and NoLita.
Often regarded as one of the most authentic New York City neighborhoods, the Lower East Side possesses a gritty charm and nonconformist energy that creates a working environment ideal for companies that want to push the boundaries of innovation and maybe even break the rules a little.
What our brokers say about Lower East Side
Companies interested in Lower East Side offices will work beside eclectic neighbors in technology, advertising, media, and information industries. Here are some examples of companies based in the Lower East Side. TUNE provides mobile analytics and performance marketing platforms, Azalle offers online courses for digital influencers, and Appmiral creates mobile apps for music festivals.
If you’re looking for something other than a private, traditional office space, the Lower East Side offers plenty of variety. The Yard has co-working offices in the Lower East Side, along with Buro HQ, a co-working space that caters to cryptocurrency and blockchain startups, and Projective, who leases office space to companies like Instacart, Maven, and Beltology.
Although the Lower East Side lacks commercial real estate inventory compared to some of its neighboring districts, new developments are on their way. For example, Charles Bendit of Taconic is leading the development of Essex Crossing, an up-and-coming mixed-use development that would add approximately 400,000 square feet of office space and 300,000 square feet of retail space. Plans for Essex Crossing’s nine sites include a park, bike paths, and above-ground green spaces to connect the buildings, as well as an underground marketplace. Essex Crossing is being developed with L+M Development Partners and BFC Partners and has an expected completion date of 2024.
Lower East Side commercial space for lease | By the numbers
|Lower East Side||$77|
Lower East Side office space | Lease data & trends
Commercial real estate lease data indicates that on average, Lower East Side office space rents for $77 per square foot, slightly above the Manhattan average rent and significantly above the Brooklyn average rent.
Getting around: Transportation in Lower East Side
Businesses and individuals planning to work in the Lower East Side will find that it has a variety of public transportation services, including the B, D, F, J, M, and Z trains, as well as nine different bus lines. The neighborhood is considered excellent for biking, with 17 bike lanes throughout the area. Both bikers and walkers will enjoy the view along the paths beside the East River. It has a Walk Score of 95.
Commuters from Brooklyn and other parts of New York can drive across either the Williamsburg Bridge or Manhattan Bridge, and FDR Drive extends across the Lower East Side’s south and east borders. Commuting from Newark, NJ, is even possible, considering one can drive from there to the Lower East Side in less than 50 minutes.
Top commercial real estate listings in Lower East Side
Before you and your team begin the search for office space in New York’s Lower East Side area, consider looking up these prime properties available in the community:
– 79 Clinton Street: 79 Clinton Street is an office building located in the Lower East Side. Currently, two office spaces are available to rent; one is 800 square feet in size, and the other is 1,000 square feet in size. It lies within walking distance of several parks, including Peachtree Garden, just a quarter of a mile away. Easily access 79 Clinton Street via the B, D, F, J, M, or Z trains. A long list of restaurants operate nearby, including Mazeish, Balvanera, and Ivan Ramen, along with several bars and coffee shops.
– 93 Allen Street: Built in 1900, 93 Allen Street is a five-floor office building. Right now, one first-floor unit is available to rent, and it is 2,500 square feet in size. Contact SquareFoot for pricing and additional information about this building, other properties in the Lower East Side, and additional commercial and retail spaces across NYC. Get to this building via the B, D, F, J, M, or Z trains. Grab lunch at An Choi, Shu Jiao Fu Zhou Cuisine, or Cafe Katja.
– 85 Delancey Street: 85 Delancey Street is an office building located in the Lower East Side that was built in 1935. Right now two small units—100 square feet and 300 sq ft in size—are available to rent. Contact SquareFoot to ask about rental price and other information. The building has a Walk Score of 100 and has several close by subway stations, including the Bowery Station and the Grand Street Station.
Lower East Side history
In the early years of New York City’s history, the Lower East Side covered parts of the city all the way up to 14th Street and included the now-separate neighborhoods of East Village, Chinatown, Little Italy, Alphabet City, Bowery, and NoLita. Tenement houses attracted the majority of immigrants who moved to Manhattan in the late 1800s and early 1900s, making the Lower East Side a true representation of America’s melting pot culture.
As a result of the diverse array of ethnicities that called the Lower East Side home, the neighborhood is filled with delicious food from every culture. Katz’s Delicatessen, Ivan Ramen, Mission Chinese, Cocoron, and 99 Cent Pizza all serve up cultural comfort food. Clinton Street, running north to south through the center of the Lower East Side, is becoming well-known for its row of trendy restaurants including Clinton Street Baking Company, The Burgary, and Pig & Khao.
The neighborhood is home to the New Museum and Museum of Reclaimed Urban Space, many private and public parks, popular live music venues, and a robust community of art galleries, including ABC No Rio and The Lodge Gallery.