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Chelsea at a Glance

$ 61 /ft

The average cost per square foot per year in Chelsea

A comfortable neighborhood located near the Garment District, Flatiron District, and Meatpacking District, Chelsea lies on the West Side of Manhattan. The area itself is mostly residential, with a number of retail businesses that reflect the diversity of the population. Ranging from ethnic restaurants to delis and clothing boutiques, Chelsea’s retail stores make it a prime shopping location for locals and tourists. With flagship stores such as Comme des Garcons, Stella McCartney, and Christian Louboutin, the neighborhood balances corporate shopping with local shopping like the Chelsea Market, a destination for food lovers. Furthermore, the area is home to a number of landmarks and attractions, including but not limited to: Chelsea Piers, the Chelsea High Line, Hudson River Park, and London Terrace. All of these locations serve as perfect places to walk around and sightsee.

Originally named after Chelsea, London, the area has become a focal point of New York City culture, particularly in art, with multiple galleries located in new buildings and refurbished warehouses. Much of Chelsea’s art community originates from SoHo, which transitioned over due to rising rent and competition from larger retailers. Over 350 art galleries now exist in Chelsea that are home to modern art, from both upcoming and established artists. The Rubin Museum of Art, the Graffiti Research Lab, and New York Live Arts are all centered in Chelsea, further emphasizing the area’s strong focus on art and dance. Additionally, Chelsea is well known for its inclusivity, with Eighth Avenue being a center for LGBT-friendly shopping and dining.

With so many shopping and consumer attractions, it comes as no surprise that Chelsea is a prime location to place a business. The sheer number of consumers in the area due to local shops and cultural landmarks ensures that businesses will be given the opportunity to thrive. In fact, New York City’s tech scene, known as Silicon Alley, flourishes and continues to expand every year in this area. Additionally, the number of transportation options available allows easy access to the area by both consumers and workers. By bus, the neighborhood can be accessed by the M7, M10, M11, M14, and M23 bus routes, while the 1, 2, A, C, E, F, and M subway lines also run through the area. Chelsea has experienced a construction boom in recent years, and West Chelsea has seen a real estate boom as well, particularly near the High Line. This movement has allowed many new businesses and established businesses to find office space in the area, something that TheSquareFoot has much expertise with. Check out the website and contact a SquareFoot employee to make the moving process more efficient.

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