West Village office space promises employees tree-lined streets, and cobblestone roads that can make pedestrians feel like they’re taking a stroll through a movie set. The West Village neighborhood comprises the western part of Greenwich Village in Lower Manhattan, New York City.
Know Your Villages
Not sure what the differences are between Greenwich Village, West Village, and East Village? Here’s a quick breakdown:
Sometimes people refer to Greenwich Village and West Village as the same area, bordered by 14th Street to the North, Houston Street to the South, Broadway to the East, and the Hudson River to the West. However, some people identify the West Village as the western part of Greenwich Village. The East Village shares the same North-South borders, with the East River and around Third Avenue serving as the East to West borders. The area between Broadway and Bowery is considered NoHo.
What our brokers say about West Village
The West Village is considered part of Midtown South, an area of Manhattan that is popular with tech, media, fashion, and marketing firms. Around 8,000 workers commute to the West Village for work Monday through Friday. Renting West Village office space can make it much easier to attract interns or entry-level hires thanks to the proximity to New York University and The New School.
The West Village is a sophisticated, highly sought-after neighborhood with the price tags to match. Though it’s far from cheap to live or rent office space in this neighborhood, the picturesque architecture, peaceful days yet lively nights, and family-friendly atmosphere make it worth the cost. The West Village is a primarily residential neighborhood, but it still has some office rental options. Some people used to call the West Village “Little Bohemia” because of its artists’ lofts and small-town feel.
Those who need a break from the office may enjoy a stroll through the West Village’s cobblestone streets that defy the usual Manhattan street-grid pattern. NYCGO even notes the neighborhood is “made for walking and wandering” because of its interesting streets and architecture. The neighborhood also includes many parks, such as St. Vincent’s Triangle Park, Jackson Square, and Jefferson Market Garden. Another great place to hang out and relax is Christopher Street Pier, where one can enjoy great views of the Hudson River and NYC skyline.
Want to find something close by to eat for lunch? Those working in the West Village will love Mary’s Fish Camp, EN Japanese Brasserie, Rafele, Delice & Sarrasin, and Market Table. If you just need a cup of coffee, grab a colleague or some paperwork and try out Birch Coffee, Ciao for Now, The Coffee Foundry, or Grounded Organic Coffee & Tea House. At some point, everyone should visit Famous Joe’s Pizza, which is open late and has operated on the same block for the past fifty years. Those looking for shopping opportunities may want to visit boutiques Diptyque and James Perse or bookstores Bookmarc and Three Lives & Company.
The Greenwich Village Chelsea Chamber of Commerce provides business and civic leadership to businesses in Greenwich Village, West Village, East Village, Union Square, Flatiron, Chelsea, NoHo, and SoHo. Through the chamber, locals businesses have a voice in local and governmental affairs, opportunities for education and business development, space to network, and options for promotion. “Our diversity is one of our greatest assets, providing our membership with unique opportunities and a strong voice from which to address business issues,” the website says.
West Village office space for lease | By the numbers
|Office Space for Lease||Price per square foot|
Lease data & trends
West Village is part of the Greenwich Village submarket, which houses just over 6 million square feet of office space as of Q2 of 2019. The vacancy rate is quite low at 4.4 percent, and the average rental rate—just under $119 per square foot—is among the highest in the city and also much higher than the average Midtown South office space rental rate. The average Midtown South office space rental rate is just under $95.75 per square foot.
Greenwich Village has nearly twice as much Class B office space as Class A office space. Class A space is notably much more pricey than Class B space in Greenwich Village. The Class B space has a 6 percent vacancy rate and costs just under $71.50 per square foot to rent. The Class A space has only a 1 percent vacancy rate and rents for approximately $145 per square foot. To learn more about the office leasing process, check out our Leasopedia and Types of Office Space guide.
Midtown South’s overall vacancy rate rests at 4.9 percent now, and it went down 30 basis points during Q2 of 2019. Several large leases at new developments contributed to this change. For example, Yext subleased 142,500 square feet of space from Aetna at 61 Ninth Avenue; Flatiron Health expanded by 122,065 square feet at 233 Spring Street; Netflix expanded by 66,621 square feet at 888 Broadway; and Microsoft leased 63,000 square feet of space at 300 Lafayette Street. Notably, Google plans to build a new 1.7 million square foot campus at 315 and 345 Hudson Street as well as 550 Washington Street—or St. John’s Terminal. It is the biggest project Google has undertaken up until this point. Development should begin next year.
Subleasing office space is a cost-cutting option for businesses who want to save money but still work in West Village. Office subleases are arranged directly with a current office tenant and may lack the assurances that come with a direct lease through a landlord. However, for businesses that need additional flexibility, lower costs, and privacy unavailable at a coworking office, subleasing could be a good strategy.
Getting around: Transportation
The West Village is not only a pedestrian’s paradise but also has excellent public transportation. The West Village has a walk score of 100 and a transit score of 100. Locals can get around by bus, subway, the PATH train, and bicycle.
Five bus routes serve the area: M8, M11, M14A, M20, and M55. Five NYC Subway Stations are in the neighborhood: 14th Street—Eighth Avenue (trains A, C, E, and L); West Fourth Street—Washington Square (trains A, B, C, D, E, F, <F>, and M); 14 Street (trains 1, 2, and 3); Christopher Street—Sheridan Square (trains 1 and 2); and Houston Street (trains 1 and 2). The PATH train also operates at Christopher Street and 9th Street. The West Village also has a CitiBike share program.
The closest airports to the West Village are LaGuardia Airport (12 miles away) and Newark Liberty International Airport (13 miles away).
West 14th Street forms the West Village’s northern boundary; Christopher Street the southern boundary; Greenwich Avenue the eastern boundary, and the Hudson River the western boundary. Nearby neighborhoods include Chelsea, South Village, Hudson Square, and Washington Square. NYC neighborhoods that are similar in character to the West Village include Brooklyn Heights, Tribeca, and Fort Greene.
Top commercial real estate listings in West Village
Ready to find office space in West Village that will meet and exceed your business needs? Contact one of our experienced brokers today to hear all the best options. Or, start by reading about these three highly recommended properties in the neighborhood:
– 837 Washington Street: Architect Morris Adjmi designed 837 Washington Street, a new office building in Greenwich Village. With an iconic brick facade and six stories of twisting steel exoskeleton, to say the design is unique is an understatement. It offers about 25,000 square feet of office space and 28,000 square feet of retail space. Right now, four units are available to rent ranging from 7,320 to 44,000 square feet in size. Contact us for pricing and other details about the property. Samsung is a current tenant. Use trains 1, 2, 3, A, C, E, or L to get to 837 Washington Street. The building has plenty of bars, coffee shops, and restaurants within walking distance, such as Le Bain, Paradou, Pastis, Spice Market, and Serafina.
– 395 Hudson Street: 395 Hudson Street, sometimes called the Carpenters Union Building, is a 10-story office building. Currently, the 15,952 square foot penthouse is available for rent. Contact us for pricing, more details, or a tour. SY Partners, WebMD, HAP Trading, HAP Capital, and Emmis Communication Corporation already rent space in the Carpenters Union Building. 395 Hudson Street has a walk score of 98 and numerous public transportation options. Take trains A, B, C, D, E, F, M, 1, or PATH to reach this location. The Little Red Square, the Charlton-King-Vandam Historic District, and Charlton Plaza are all within quick walking distance for those who need to get out of the office and take a stroll.
– 320 West 13th Street: Built in 1912, 320 West 13th Street was renovated by the William Kaufman Organization to include a new lobby, front entrance, and canopy. This nine-story loft structure is located in the Meatpacking District in Silicon Alley. It tends to attract technology and Internet company tenants. Kobalt Music Group, Greensill Capital, Opus Point Partners, and Coronado Biosciences are current tenants. Right now three units are available to lease at 320 West 13th Street. The spaces are 3,122, 4,816, and 23,000 square feet in size. Contact us for pricing or for a tour. The building has a walk score of 100 and plenty of nearby public transportation. Take trains 1, 2, 3, A, C, E, or L to access this office building. It has numerous restaurants and coffee shops just steps from the building as well. Walk to High Street on Hudson for coffee, Bagatelle for lunch, or Troy for drinks.
Widespread concern about historic integrity and preservation throughout Greenwich Village spurred the establishment of a historic district that spans more than 50 blocks. Roughly, the historic district stretches from 14th Street on the north to 4th Street on the south and as far east as University Place or Washington Square East. Even today, developers are required to follow strict rules to ensure the buildings maintain their character. The Greenwich Village Society for Historic Preservation spearheads many of these ongoing efforts.
Besides its historically preserved buildings and spaces, West Village is also known for its urban bohemian character and its artistic residents who tend to support progressive political, cultural, and artistic ideas. In particular, the neighborhood developed this reputation in the 19 and 20th centuries with the rise of small presses, art galleries, and theaters in the area.
In 1924, NYC’s oldest continuously operating Off-Broadway theater—Cherry Lane Theater—was born in West Village. The building where it still operates was first a farm silo then later a tobacco warehouse before it became the theater. In 1938, Cafe Society, the nation’s first racially integrated nightclub, opened in West Village.