Chelsea & Meatpacking is a prime-tier New York submarket with average asking rent around $102/sqft/yr.

  • Average asking rent: $102/sqft/yr.
  • Tier: prime.
  • Citywide Class A rent context: $102/sqft/yr ($102 USD).
  • Citywide vacancy: 17.4% — submarket-level availability is typically tighter at prime tier.

Chelsea & Meatpacking, New York office rents and availability

Chelsea & Meatpacking is a prime-tier New York submarket with average asking rent around $102/sqft/yr.

TL;DR

  • Average asking rent: $102/sqft/yr.
  • Tier: prime.
  • Citywide Class A rent context: $102/sqft/yr ($102 USD).
  • Citywide vacancy: 17.4% — submarket-level availability is typically tighter at prime tier.

Where rent sits

Chelsea & Meatpacking averages around $102/sqft/yr for Class A, against a citywide Class A index of 102. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Tech and media's preferred West Side address. Big Tech, fashion, gallery operators, advertising holding companies.

Key facts

cityNew York
submarketChelsea & Meatpacking
tierprime
averageRentLocal$102/sqft/yr
cityClassARentUsd$102/sqft/yr
cityVacancyPct17.4%

Frequently asked questions

What is the average Class A rent in Chelsea & Meatpacking, New York?
Around $102/sqft/yr. The citywide Class A index sits at $102/sqft/yr.

Related

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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