Commercial space in Hudson Square

New York City's PLUTO tax lot data (26v2) records about 14.5 million square feet of commercial floor area across 147 properties in the part of Hudson Square Leasemark covers, including about 11.9 million square feet of office and about 766,000 square feet of retail. The largest office building by that measure is 532 Washington Street, at about 1 million square feet. That is the existing building stock, not space currently available.

Eight subway stations sit within about 0.5 mi of Hudson Square's commercial core, served by the 1, 6, A, C, E, J, N, Q, R, W and Z trains. The closest is Canal St (1), roughly 2 minutes on foot; then Spring St (C E), Houston St (1), Canal St (A C E), Franklin St (1), Canal St (6 J N Q R W Z), Christopher St-Stonewall (1) and 1 more. Walking times are straight-line estimates from MTA station data.

One of the eight stations within about 0.5 mi of Hudson Square's commercial core is fully accessible, per the MTA: Canal St (6 J N Q R W Z). Spring St (C E) is partly accessible (one direction only).

The newest sale on record is 183 Varick Street, which sold in December 2025 for $63 million to 68 KING STREET OWNER LLC, per the deed recorded with the city. 4 sales, $639.8 million in all, have been recorded of the large commercial buildings Leasemark tracks in Hudson Square since 2016.

See every building sale in Hudson Square

On the Department of Finance's 2026/27 assessment roll, the 32 large commercial buildings Leasemark tracks in Hudson Square that pay property tax come to a median of about $15.86 per square foot of floor area a year, with the middle half between $13.43 and $18.34. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is 532 Washington Street, about $33.4 million a year. 2 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.

How taxes show up in gross and net leases

In the 12 months to October 2026, the Department of Buildings issued first permits for 79 interior build-outs in 23 of the 34 large commercial buildings Leasemark tracks in Hudson Square, with work permitted on 96 floors in all. Their filed cost estimates add up to about $67 million. The most were at 435 Hudson Street (9 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.

Build-outs in every NYC neighborhood

Yes, for larger leases. Hudson Square is in Manhattan below 96th Street, where the city's Commercial Rent Tax applies. A tenant owes it only when base rent for the space is $250,000 a year or more. The tax is 6% of base rent after a 35% reduction, so 3.9% of rent, with a sliding credit between $250,000 and $300,000, and the Small Business Tax Credit wipes it out for businesses with total income of $5 million or less and base rent under $500,000.

Estimate it with the Commercial Rent Tax calculator

Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.