Commercial space in the Meatpacking District

New York City's PLUTO tax lot data (26v2) records about 9.7 million square feet of commercial floor area across 187 properties in the part of the Meatpacking District Leasemark covers, including about 6.9 million square feet of office and about 1.4 million square feet of retail. The largest retail building by that measure is 19 Ninth Avenue, at about 59,000 square feet. That is the existing building stock, not space currently available.

Three subway stations sit within about 0.5 mi of the Meatpacking District's commercial core, served by the 1, 2, 3, A, C, E, F, L and M trains. The closest is 8 Av (L A C E), roughly 5 minutes on foot; then 14 St (1 2 3 F M L) and 18 St (1). Walking times are straight-line estimates from MTA station data.

Two of the three stations within about 0.5 mi of the Meatpacking District's commercial core are fully accessible, per the MTA: 8 Av (L) and 14 St (1 2 3 F M).

The newest sale on record is 410 West 13th Street, which sold in December 2025 for $71 million to 15 LW 12 OWNER LLC, per the deed recorded with the city. 5 sales, $3.27 billion in all, have been recorded of the large commercial buildings Leasemark tracks in the Meatpacking District since 2016.

See every building sale in the Meatpacking District

On the Department of Finance's 2026/27 assessment roll, the 25 large commercial buildings Leasemark tracks in the Meatpacking District that pay property tax come to a median of about $21.75 per square foot of floor area a year, with the middle half between $18.47 and $27.96. 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 111 Eighth Avenue, about $57.6 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 50 interior build-outs in 17 of the 27 large commercial buildings Leasemark tracks in the Meatpacking District, with work permitted on 47 floors in all. Their filed cost estimates add up to about $44 million. The most were at 111 Eighth Avenue (13 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. The Meatpacking District 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.