Hunting for small, budget-friendly office spaces in Manhattan can often feel like an overwhelming task, akin to finding a needle in a haystack. The recent downsizing trend among companies has tightened the market, reducing the availability of such spaces and consequently boosting rental prices. This change has notably impacted sought-after neighborhoods like SoHo, where high demand persists. Accordingly, startups and mid-sized businesses often face fierce competition to secure top-tier office spaces without stretching their budgets too thin. Nevertheless, affordable options are still out there. So, to ease your search, we’ve curated a list of five budget-conscious SoHo office spaces, all available for rent under $10,000 a month.
As a lively hub attracting creative professionals and TAMI (Technology, Advertising, Media, and Information) companies, SoHo’s known for its distinctive loft-style spaces, often within renovated warehouses. These 5 SoHo office spaces we’ve identified are well-lit, airy, and most importantly, affordable. Read on to take a closer look at them.
1,812 Square Feet of Creative Office Space at 270 Lafayette
This creative hub on 270 Lafayette Street‘s 5th floor offers 1,812 square feet of workspace and a lease term of 5 to 10 years. It’s tailor-made for startups with two private offices, a spacious bullpen boasting oversized windows, and a conference room. Moreover, it comes equipped with existing furniture and phones.
The office’s key features include 11-foot ceilings, polished concrete floors, and a windowed wall overlooking the lively Lafayette Street. In addition, landlords are open to minor layout modifications to ensure the right fit for tenants. What’s more, the building’s lobby, recently renovated, is accessible 24/7.
The asking price is $62 per square foot, translating to a monthly cost of $9,362, excluding sub-metered electricity.
Classic SoHo Loft Offers 2,100 Square Feet on Spring Street
This Spring Street commercial office loft is classic SoHo. This welcoming enclave on the 6th floor of a Class B building offers 2,100 square feet of bright, creative space. Hardwood floors, expansive windows, 11-foot ceilings, and a skylight highlight the space. Moreover, its contemporary open-office layout embodies the charm that defines SoHo office spaces.
As a tenant of this building, you’ll enjoy seamless, round-the-clock access via a key card system. Furthermore, during weekday business hours, the lobby provides attentive service. Inclusively, the base rent, which stands at $9,275 per month, covers electricity costs. Lastly, this appealing space is currently available with flexible lease terms to align perfectly with your needs.
Flexible Office Space in a Hip, Transit-Oriented Location
Discover a loft-style office smack in the middle of SoHo at 73 Spring Street. This modern workspace, positioned on the 5th floor of a boutique office building, is an ideal choice for creative industries such as media, advertising, or architecture. It boasts an open, adaptable layout spread over 1,450 square feet and features wooden floors, tall exposed ceilings, and abundant natural light.
In addition, with the Spring Street-Lexington Avenue station nearby, tenants can enjoy effortless public transportation access. What’s more, a Starbucks is conveniently located just across the street. The office is immediately available at a monthly rent of $6,646 and offers lease terms from 5 to 10 years.
Ultra-Bright Broadway Loft With Great Views of Lower Manhattan
At 568 Broadway, you’ll find a 1,630-square-foot office space brimming with natural light and stunning Manhattan skyline views. This rental option particularly appeals to PR or advertising agencies seeking a well-lit office in a prime location. Additionally, the space showcases an open-plan layout, wooden floors 12-foot-high ceilings, and a window wall with sweeping views of Lower Manhattan.
Furthermore, tenants enjoy 24/7 building access through an always-staffed, recently refurbished lobby. Lease terms are open for negotiation, and the monthly rent is $6,792.
Broadway Loft With 13’ Ceilings, Fit for Art Gallery or Creative Office
This 1,000-square-foot loft at 520 Broadway presents an excellent opportunity for an art gallery or creative office space. Located between Broome and Spring Streets in the heart of SoHo, this office boasts 13-foot-high ceilings, hardwood floors, and an open-office layout. Its features extend to tenant-controlled window-unit air conditioning and track lighting, offering a move-in-ready environment.
Additional amenities include 24/7 lobby access, two passenger elevators, and a freight elevator. The office is available for lease terms ranging from 3 to 5 years, with a monthly rent of $4,417.
The Key Takeaway
While securing affordable, quality office space in Manhattan can pose a challenge, SoHo emerges as an excellent solution. This creative hub attracts professionals from diverse industries, offering distinctive loft-style spaces within a comfortable budget. Five handpicked budget-friendly SoHo office spaces with unique features underline this point. These spaces boast a combination of vibrant ambiance, accessibility, and amenities. The convenience of flexible lease terms and manageable monthly rents make them attractive options for startups and mid-sized firms. So if you’re running a growing business and you’re looking for quality, lof-style office space without breaking the bank, SoHo is a desirable option.
If you’re thinking of setting up your business in SoHo, and want quality office space without breaking the bank, reach out to us. We can help you find something. Call Metro Manhattan Office Space at (212) 444-2241 or email us at [email protected].