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Financial District

Lower Manhattan's historic business district, undergoing significant transformation with office-to-residential conversions.

5.0-6.0%

Avg Cap Rate

$600-900

Price per SF

5

Skyline Transactions

Market Overview

90M+

Total SF

22.5%

Vacancy Rate

$58/SF

Avg Asking Rent

Key Highlights

Wall StreetWorld Trade CenterBattery ParkSouth Street Seaport

Primary Asset Classes

Office-to-Residential ConversionOfficeLuxury ResidentialRetail

Skyline Transactions

$169M+ Total
101 Greenwich Street - $115M Office - Skyline Properties

$115M

400,294 SF

133 Greenwich Street - $28M Development - Skyline Properties

133 Greenwich Street

Development Site2012

$28M

153,000 BSF

72 Reade Street - $18M Retail - Skyline Properties

72 Reade Street

Retail Condo2015

$18M

20,000 SF

157 Chambers Street - $5M Retail - Skyline Properties

157 Chambers Street

Retail Condo2013

$5M

5,000 SF

119 Chambers Street - $2.5M Retail - Skyline Properties

119 Chambers Street

Retail CondoN/A

$2.5M

3,000 SF

Financial District Transaction Map

Interactive map coming soon

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Market Metrics

Avg Cap Rate5.0-6.0%
Price/SF Range$600-900
2024 Volume$2.8B (2024 YTD)
Vacancy22.5%

Ground Lease Opportunities

Explore ground lease structures for properties in Financial District.

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