Chelsea & Meatpacking (prime, ~$102/sqft/yr) is one of 7 New York Class A submarkets we track.

  • Chelsea & Meatpacking sits at prime tier.
  • Average rent $102/sqft/yr vs city average 102.
  • Compared submarkets: Midtown (trophy), Hudson Yards (trophy), Midtown South (prime).

Chelsea & Meatpacking vs other New York submarkets

Chelsea & Meatpacking (prime, ~$102/sqft/yr) is one of 7 New York Class A submarkets we track.

TL;DR

  • Chelsea & Meatpacking sits at prime tier.
  • Average rent $102/sqft/yr vs city average 102.
  • Compared submarkets: Midtown (trophy), Hudson Yards (trophy), Midtown South (prime).

Side-by-side with peers

**Midtown** (trophy, $128/sqft/yr) — Park Avenue, Sixth Avenue, the global financial spine. **Hudson Yards** (trophy, $130/sqft/yr) — The largest private real-estate development in US history. **Midtown South** (prime, $92/sqft/yr) — Tech and creative class HQs north of 14th, south of 34th. **Financial District** (established, $68/sqft/yr) — The reborn Downtown — bigger floor plates, lower rent. **SoHo & Tribeca** (prime, $95/sqft/yr) — Boutique HQs in the city's most photogenic loft stock.

Key facts

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

Frequently asked questions

What other submarkets compete with Chelsea & Meatpacking in New York?
Midtown, Hudson Yards, Midtown South

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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