Manhattan

Commercial space in Tribeca

Tribeca is a high-end loft market where former warehouse buildings now house creative firms, private equity, and media companies. Ground floor space is dominated by restaurants, galleries, and boutique retail.

Commercial properties
671
Office stock
16.5M SF
Median year built
1900
Known for
Office, Restaurant, Retail

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

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NYC tax lot records

The building stock in Tribeca

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

Commercial properties
671
Office space
16.5M SF
Retail space
3.1M SF
Built before 1940
86%

Largest office buildings

  1. 39 floors · built 1989
  2. 45 floors · built 1968
  3. 26 floors · built 1914
  4. 39 floors · built 1914
  5. 32 floors · built 1994
All 37 large commercial buildings in Tribeca

Age, height and zoning

  • Median year built: 1900.
  • Median height: 6 floors.
  • Most common zoning districts: C6-2A (468), C6-3A (94), C6-4A (43).
  • Historic districts: Tribeca East Historic District (141 lots), Tribeca West Historic District (139 lots), Tribeca South Historic District (54 lots).
  • 43 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 0.4 mi of Tribeca'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 Tribeca

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

Stations
12
Subway lines
15
Fully accessible
5 of 12
Closest
Chambers St, 1 min walk

The 12 stations

  • Chambers St1 min walk · Accessible station
  • Canal St3 min walk · Not accessible
  • Chambers St3 min walk · Not accessible · connects to Cortlandt St, World Trade Center, Park Place
  • Franklin St3 min walk · Not accessible
  • Canal St4 min walk · Not accessible
  • City Hall5 min walk · Not accessible
  • Brooklyn Bridge-City Hall6 min walk · Accessible station · connects to Chambers St
  • WTC Cortlandt7 min walk · Accessible station
  • Canal St8 min walk · Accessible station
  • Spring St8 min walk · Partly accessible
  • Fulton St8 min walk · Accessible station
  • Houston St10 min walk · Not accessible

Lines

The 1, 2, 3, 4, 5, 6, A, C, E, J, N, Q, R, W and Z trains stop within about 0.5 mi of Tribeca's core.

Step-free access

  • Chambers St (1 2 3) is fully accessible.
  • Brooklyn Bridge-City Hall (4 5 6) is fully accessible.
  • WTC Cortlandt (1) is fully accessible.
  • Canal St (6 J N Q R W Z) is fully accessible.
  • Fulton St (2 3 4 5 A C J Z) 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 Tribeca'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 Tribeca

6 sales of the large commercial buildings Leasemark tracks in Tribeca have been recorded since 2016, $2.48 billion in all.

Newest sales

  1. 139 Franklin Street$43.5 million
    July 2025 · $771 a SF · to AG-BSD FRANKLIN STREET OWNER, L.L.C.
  2. 59 Leonard Street$96.5 million
    June 2024 · $478 a SF · to FRANKLIN 2024 PROPCO, LLC
  3. 52 Varick Street$273.5 million
    February 2023 · $2,796 a SF · to 15 LAIGHT NY LLC
  4. 59 Leonard Street$205.5 million
    December 2019 · $1,017 a SF
  5. 52 Varick Street$90 million
    September 2016
  6. June 2016 · $751 a SF · to CITIGROUP TECHNOLOGY, INC.

Since 2016

  • Largest: 388 Greenwich Street, $1.77 billion in June 2016.
  • Median price: about $771 a square foot of floor area, across 5 one-building sales.
  • Newest deed on record: July 2025. The city's open data runs about a month behind.
All 6 building sales in Tribeca

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 Tribeca

Of the 37 large commercial buildings Leasemark tracks in Tribeca, 26 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $12.21 per square foot of floor area a year, before abatements.

Largest estimated bills

  1. $23.71 a SF · market value $1.14 billion
  2. $30.74 a SF · market value $527.9 million
  3. $15.36 a SF · market value $350 million
  4. 40 Worth Street$5.93 million
    $10.02 a SF · market value $172.3 million
  5. 250 Broadway$5.05 million
    $10.60 a SF · market value $133.8 million
  6. 200 Hudson Street$4.55 million
    $13.85 a SF · market value $96.7 million

Across 26 taxed buildings

  • The middle half pay between $9.52 and $14.15 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 $282 a square foot. That is the city's valuation for tax, not a sale price.
  • 11 buildings are fully exempt, including 38 Lafayette Street and David N Dinkins Municipal Building. Exemptions like these are common for government, nonprofit and PILOT properties.

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 Tribeca

In the 12 months to October 2026, the Department of Buildings issued first permits for 47 interior build-outs in 18 of the 37 large commercial buildings Leasemark tracks in Tribeca, with work permitted on 96 floors in all. Their filed cost estimates add up to about $21 million.

Most build-outs, last 12 months

  1. 10 floors with work
  2. 8 floors with work
  3. 17 floors with work
  4. 12 floors with work
  5. 3 floors with work
  6. 3 floors with work
  • 49% of the buildings tracked here had a build-out, against 61% across Manhattan.

Build-outs by quarter

  • Q1 202511
  • Q2 202510
  • Q3 202512
  • Q4 20257
  • Q1 202616
  • Q2 202613
  • Q3 20267
  • Q4 2026 to Oct 225

Newest

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 Tribeca

How much commercial space is there in Tribeca?

New York City's PLUTO tax lot data (26v2) records about 23.5 million square feet of commercial floor area across 671 properties in the part of Tribeca Leasemark covers, including about 16.5 million square feet of office and about 3.1 million square feet of retail. The largest office building by that measure is 388 Greenwich Street, at about 2.4 million square feet. That is the existing building stock, not space currently available.

What subway lines serve Tribeca?

Twelve subway stations sit within about 0.5 mi of Tribeca's commercial core, served by the 1, 2, 3, 4, 5, 6, A, C, E, J, N, Q, R, W and Z trains. The closest is Chambers St (1 2 3), roughly 1 minute on foot; then Canal St (1), Chambers St (A C 2 3 E R W), Franklin St (1), Canal St (A C E), City Hall (R W), Brooklyn Bridge-City Hall (4 5 6 J Z) and 5 more. Walking times are straight-line estimates from MTA station data.

Which subway stations in Tribeca are accessible?

Five of the twelve stations within about 0.5 mi of Tribeca's commercial core are fully accessible, per the MTA: Chambers St (1 2 3), Brooklyn Bridge-City Hall (4 5 6), WTC Cortlandt (1), Canal St (6 J N Q R W Z) and Fulton St (2 3 4 5 A C J Z). Spring St (C E) is partly accessible (one direction only).

When did a large commercial building in Tribeca last sell?

The newest sale on record is 139 Franklin Street, which sold in July 2025 for $43.5 million to AG-BSD FRANKLIN STREET OWNER, L.L.C., per the deed recorded with the city. 6 sales, $2.48 billion in all, have been recorded of the large commercial buildings Leasemark tracks in Tribeca since 2016.

See every building sale in Tribeca

How much are commercial property taxes in Tribeca?

On the Department of Finance's 2026/27 assessment roll, the 26 large commercial buildings Leasemark tracks in Tribeca that pay property tax come to a median of about $12.21 per square foot of floor area a year, with the middle half between $9.52 and $14.15. 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 388 Greenwich Street, about $55.8 million a year. 11 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

How much build-out work is happening in Tribeca?

In the 12 months to October 2026, the Department of Buildings issued first permits for 47 interior build-outs in 18 of the 37 large commercial buildings Leasemark tracks in Tribeca, with work permitted on 96 floors in all. Their filed cost estimates add up to about $21 million. The most were at Long Distance Building, 16 Walker Street (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 Tribeca pay the NYC Commercial Rent Tax?

Yes, for larger leases. Tribeca 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.