Manhattan

Commercial space in SoHo

SoHo is one of the most recognized retail districts in the world, with cast-iron loft buildings that hold flagship stores at grade and creative office above. Broadway, Spring, and Prince carry the heaviest foot traffic.

Commercial properties
740
Retail stock
3.6M SF
Median year built
1889
Known for
Retail, Office, Flex / Creative

Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.

On Leasemark No spaces or requirements posted in SoHo yet. List a space and it is matched to every new requirement, or post what you need and get matched as spaces arrive.

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NYC tax lot records

The building stock in SoHo

What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.

Commercial properties
740
Office space
5.0M SF
Retail space
3.6M SF
Built before 1940
91%

Largest retail buildings

  1. 6 floors · built 1862
  2. 5 floors · built 1900
  3. 5 floors · built 1866
  4. 6 floors · built 1940
  5. 453 Broome Street33K SF
    6 floors · built 1873
All 46 large commercial buildings in SoHo

Age, height and zoning

  • Median year built: 1889.
  • Median height: 5 floors.
  • Most common zoning districts: M1-5/R7X (339), M1-5/R9X (157), R7-2 (132). 80% of these lots are zoned for manufacturing.
  • Historic districts: SoHo-Cast Iron Historic District (410 lots), SoHo-Cast Iron Historic District Extension (113 lots), Sullivan-Thompson Historic District (108 lots).
  • 3 lots are designated city landmarks.

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.3 mi of SoHo's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.

MTA station data

Subway stations in SoHo

Every station within about 0.5 mi of SoHo's commercial core, closest first. Stations joined by a free transfer count once.

Stations
9
Subway lines
15
Fully accessible
2 of 9
Closest
Canal St, 4 min walk

The 9 stations

  • Canal St4 min walk · Not accessible
  • Spring St4 min walk · Partly accessible
  • Canal St4 min walk · Not accessible
  • Canal St5 min walk · Accessible station
  • Prince St6 min walk · Not accessible
  • Spring St6 min walk · Not accessible
  • Franklin St7 min walk · Not accessible
  • Houston St7 min walk · Not accessible
  • Broadway-Lafayette St8 min walk · Accessible station · connects to Bleecker St

Lines

The 1, 6, A, B, C, D, E, F, J, M, N, Q, R, W and Z trains stop within about 0.5 mi of SoHo's core.

Step-free access

  • Canal St (6 J N Q R W Z) is fully accessible.
  • Broadway-Lafayette St (B D F M) is fully accessible.
  • Spring St (C E) is partly accessible (one direction only).

Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of SoHo's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.

NYC property records (ACRIS)

Recent building sales in SoHo

13 sales of the large commercial buildings Leasemark tracks in SoHo have been recorded since 2016, $2.14 billion in all. The newest 6 are below.

Newest sales

  1. 428 Broadway$47 million
    August 2026 · $1,119 a SF · to 428 BROADWAY OWNER LLC
  2. 261 Canal Street$36 million
    May 2026 · $349 a SF · to 1-21 HOWARD AIDAN TIC LLC, CANNON HOWARD RE PARTNERS LLC and others
  3. December 2025 · 2 tax lots · to ESRT 555-557 BROADWAY, L.L.C.
  4. 529 Broadway$213 million
    September 2025 · $4,814 a SF · to II 529 BROADWAY MEMBER LLC
  5. 148 Lafayette Street$105.5 million
    May 2025 · $817 a SF · to 148 LAFAYETTE OWNER, L.L.C.
  6. 211 Centre Street$51.1 million
    January 2024 · $1,094 a SF · to MUSEUM OF CHINESE IN AMERICA

Since 2016

  • Largest: Rouss Building, 549 Broadway and 557 Broadway, $386 million for 2 tax lots in December 2025.
  • Median price: about $1,743 a square foot of floor area, across 12 one-building sales.
  • Newest deed on record: August 2026. The city's open data runs about a month behind.
All 13 building sales in SoHo

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.

NYC Department of Finance

Commercial property taxes in SoHo

Of the 46 large commercial buildings Leasemark tracks in SoHo, 46 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $22.26 per square foot of floor area a year, before abatements.

Largest estimated bills

  1. 524 Broadway$6.73 million
    $46.82 a SF · market value $137.8 million
  2. 568 Broadway$5.97 million
    $20.85 a SF · market value $122.3 million
  3. $19.61 a SF · market value $130.7 million
  4. 530 Broadway$5.2 million
    $30.60 a SF · market value $106.6 million
  5. 560 Broadway$5 million
    $40.83 a SF · market value $109.1 million
  6. 511 Broadway$4.51 million
    $26.73 a SF · market value $101.8 million

Across 46 taxed buildings

  • The middle half pay between $17.61 and $30.57 a square foot of floor area a year.
  • Manhattan median: $13.55 a square foot, across 1388 large buildings Leasemark tracks.
  • Median market value on the roll: about $477 a square foot. That is the city's valuation for tax, not a sale price.

Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-10-16. Estimates are the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), divided by the building's floor area in PLUTO. They leave out abatements such as ICAP, payment-in-lieu-of-taxes agreements and charges, so actual bills differ. Large buildings only (35,000 SF and up in Manhattan).

NYC Department of Buildings permits

Interior build-outs in SoHo

In the 12 months to October 2026, the Department of Buildings issued first permits for 71 interior build-outs in 30 of the 46 large commercial buildings Leasemark tracks in SoHo, with work permitted on 86 floors in all. Their filed cost estimates add up to about $35 million.

Most build-outs, last 12 months

  1. 7 floors with work
  2. 12 floors with work
  3. 6 floors with work
  4. 6 floors with work
  5. 5 floors with work
  6. 3 floors with work
  • 65% of the buildings tracked here had a build-out, against 61% across Manhattan.

Build-outs by quarter

  • Q1 202517
  • Q2 202516
  • Q3 202513
  • Q4 202520
  • Q1 202619
  • Q2 202623
  • Q3 202617
  • Q4 2026 to Oct 222

Newest

  • 428 BroadwayOct 2026Floors 3 to 6; construction; est. $110,000
  • 529 BroadwayOct 2026Floors 1 to 5, cellar, roof; construction; est. $157,000
  • 211 Centre StreetSep 2026Floor 6; construction; est. $190,000
  • 529 BroadwaySep 2026Floors 1 and 2, cellar; sprinklers; est. $21,000

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A build-out groups interior jobs (construction, mechanical, plumbing, sprinklers and the like) on the same floors first permitted within 120 days of each other, dated by its first permit. Only the large buildings Leasemark tracks count (35,000 SF and up), not every permit in the neighborhood. Costs are the estimates filed with the jobs. A permit does not say who the work is for.

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Questions about SoHo

How much commercial space is there in SoHo?

New York City's PLUTO tax lot data (26v2) records about 9.5 million square feet of commercial floor area across 740 properties in the part of SoHo Leasemark covers, including about 5 million square feet of office and about 3.6 million square feet of retail. The largest retail building by that measure is 504 Broadway, at about 122,000 square feet. That is the existing building stock, not space currently available.

What subway lines serve SoHo?

Nine subway stations sit within about 0.5 mi of SoHo's commercial core, served by the 1, 6, A, B, C, D, E, F, J, M, N, Q, R, W and Z trains. The closest is Canal St (1), roughly 4 minutes on foot; then Spring St (C E), Canal St (A C E), Canal St (6 J N Q R W Z), Prince St (R W), Spring St (6), Franklin St (1) and 2 more. Walking times are straight-line estimates from MTA station data.

Which subway stations in SoHo are accessible?

Two of the nine stations within about 0.5 mi of SoHo's commercial core are fully accessible, per the MTA: Canal St (6 J N Q R W Z) and Broadway-Lafayette St (B D F M). Spring St (C E) is partly accessible (one direction only).

When did a large commercial building in SoHo last sell?

The newest sale on record is 428 Broadway, which sold in August 2026 for $47 million to 428 BROADWAY OWNER LLC, per the deed recorded with the city. 13 sales, $2.14 billion in all, have been recorded of the large commercial buildings Leasemark tracks in SoHo since 2016.

See every building sale in SoHo

How much are commercial property taxes in SoHo?

On the Department of Finance's 2026/27 assessment roll, the 46 large commercial buildings Leasemark tracks in SoHo that pay property tax come to a median of about $22.26 per square foot of floor area a year, with the middle half between $17.61 and $30.57. 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 524 Broadway, about $6.73 million a year. 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

How much build-out work is happening in SoHo?

In the 12 months to October 2026, the Department of Buildings issued first permits for 71 interior build-outs in 30 of the 46 large commercial buildings Leasemark tracks in SoHo, with work permitted on 86 floors in all. Their filed cost estimates add up to about $35 million. The most were at 584 Broadway (10 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

Do tenants in SoHo pay the NYC Commercial Rent Tax?

Yes, for larger leases. SoHo 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

Is it free to post on Leasemark?

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