brandsquarefoot

161 Avenue of the Americas

**Redevelopment - One SoHo Square**

New York, NY 10013

  • 10,359 - 31,753 sqft
  • inquire for pricing

Building Details

  • Attended Lobby✔︎
  • Turnstile?
  • 24/7 Access✔︎
  • Walk Score®100
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  • Availability

    UnitSizePriceInquire
    5th Floor10,359 sqftInquire for pricing
    Partial 2nd Floor11,771 sqftInquire for pricing
    2nd Floor12,303 sqftInquire for pricing
    Mezzanine - Suite12,500 sqftInquire for pricing
    Retail Space12,500 sqftInquire for pricing
    E Ph2 floor18,762 sqftInquire for pricing
    E Ph3 floor19,549 sqftInquire for pricing
    Entire 8th Floor19,890 sqftInquire for pricing
    E Ph1 floor22,447 sqftInquire for pricing
    15th Floor - Suite24,989 sqftInquire for pricing
    15th Floor24,989 sqftInquire for pricing
    10th Floor25,766 sqftInquire for pricing
    Entire 9th Floor25,777 sqftInquire for pricing
    9th Floor25,885 sqftInquire for pricing
    2nd Floor26,038 sqftInquire for pricing
    11th Floor26,079 sqftInquire for pricing
    8th Floor27,482 sqftInquire for pricing
    Entire 4th Floor31,753 sqftInquire for pricing
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    Neighborhood

    Hudson Square

    Hudson Square is a Manhattan commercial real estate submarket, sometimes referred to as West SoHo. In the midst of a transformation led by the Hudson Square Connection Business Improvement District, the neighborhood is becoming an increasingly attractive community in addition to a thriving business district.

    Office space in Hudson Square offers the elegance of Tribeca and the creativity of SoHo, and its convenient location have all contributed to its growth into a hub for advertising, media, and tech. The predominantly commercial neighborhood was once considered one of the NYC office market’s best-kept secrets, but now is home to some of the biggest names in the city. Tenants considering office space in Hudson Square will find themselves neighbors with Weiden + Kennedy, TripAdvisor, DigitalOcean, Havas Media, Two Sigma Investments, and Warby Parker, among others.

    SquareFoot's NYC Market Report

     

    Hudson Square Office Space | Lease Data & Trends

    Office space for lease in Hudson Square can be found at an average of $78 per square foot, slightly above the average Midtown South office space lease price of $72 per square foot. This is due to the prime location and high density of Class A buildings (70% of inventory is Class A space). Average asking rents for Class A office space in Hudson Square are around $90 per square foot, while the limited Class B inventory goes for closer to $60 per square foot.

    The 2013 rezoning of Hudson Square opened up the neighborhood to development of 165,000 square feet of new office space, most of which is still under construction. Trinity Real Estate, the real estate branch of Trinity Church, and Norges Bank Investment Management own a majority of commercial real estate available in Hudson Square. In October 2017, Trinity Church paid $580 million to buy the former Saatchi & Saatchi building, with 1.1 million square feet of office space.

     

    What Our Brokers Say About Hudson Square Office Space

    In a 2017 report by the Hudson Square Connection, 60% of local businesses operate in creative industries, employing around 40,000 people. Of that 60%, media/communications and technology represent a combined 39%.

    Hudson Square has a daytime population composed of 67% office workers, compared to 5% residents. Commercial tenants looking to employ young, creative talent will have their pick of energetic and dedicated individuals working in a variety of industries.

    Hudson Square’s surface area of a mere 18 blocks guarantees a wide variety of exciting neighbors. Rent the Runway is across the street from Cadillac House, a popular spot for coffee and WiFi. The Greene Space, New York Public Radio’s headquarters, is a block away from Harbor Picture Company. The same building houses Getty Images, New York Magazine, Adelphi University, and mail-order razor company Harry’s Shave.

     

    Getting Around Hudson Square

    Hudson Square is accessible via the 1, A, C, and E trains as well as the M5, M20, and M21 buses. Most commuters use the Canal, Spring, and Houston Street subway stations. Drivers have easy access to the Holland Tunnel. These is also easy access via the PATH trains.

    Crossing Hudson Square by foot is easy (the district covers less than a tenth of a square mile),  and many like to take a walk along the riverfront during lunch. The Hudson River Greenway has a bicycle and jogging paths for safe travel.

    Nearby neighborhoods include: Greenwich Village, City Hall, Chinatown, Little Italy, TriBeCa, and SoHo.

     

    Hudson Square Neighborhood and History

    Hudson Square was long known as the Printing District but lost the name as the printing industry started to decline. Trinity Church began marketing the empty buildings to media companies in the late 1980s, and reportedly found the name “Hudson Square” in old city planning documents. The transition from print to digital media helped Hudson Square retain its defining identity.

    Hudson Square Connection has dedicated $27 million to improving another factor of the neighborhood’s identity: greener streets. The BID’s “Hudson Square Is Now” plan promotes pedestrian traffic over cars, has planted over 250 trees in the neighborhood, and is overseeing the anticipated completion of Spring Street Park in the summer of 2018.

    The BID pays close attention to its community, even discovering a statistic that 90% of office workers prefer grab-and-go lunches. Hudson Square’s options continue to expand, with Dig In offering cafeteria-style farm-to-table-eats, marketplaces like Dean & Deluca, Gourmet Garage, and François Payard Bakery providing an array of quick lunches, and a Trader Joe’s set to open on Spring Street in 2018.

     

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