60 Charlton Street: Office Space for Lease

The one floor available right now

One space sits on our book here, and it comes finished rather than raw.

• Partial 8th Floor, 5,003 square feet, asking $120 per square foot per year. That is $600,360 annually and about $50,030 a month before electricity, and it seats roughly 29 people at the 175 square feet per person we plan to, which works out near $1,725 a desk a month. A denser open plan takes 36; a layout weighted toward private offices suits closer to 22.

Our record describes a newly built plug-and-play sublease with high ceilings and floor-to-ceiling glass: three private offices or meeting rooms, a conference room, reception, three phone rooms, a wet pantry and an open area holding 16 workstations, furniture included. Note that last number, because the floor plans to 29 at our standard while the delivered furniture seats 16, so a team above the high teens densifies the open area or runs the offices as team rooms. We hold the floor plan and our own photography.

What $120 means against the market

SoHo asks more than the rest of our book. The nine floors we represent here run $68 to $125 per square foot per year against the $75 citywide median across our availability, about 31% above the city. Against the SoHo median of $98, this floor carries a 22% premium and sits roughly 60% above the citywide number, behind only the $125 asked at 520 Broadway and at the 503-511 Broadway penthouse.

The one floor dragging the SoHo median down is the largest we hold, 27,344 square feet at One Soho Square asking $68, and a block that size always prices at a discount per foot. Among the SoHo floors closest in size, 6 Greene Street asks $78 at 4,900 square feet, 540 Broadway $85 at 6,350, 110 Greene Street $95 at 3,750, 50 Greene Street $98 at 7,300, 104-110 Greene Street $110 at 5,375, 520 Broadway $125 at 5,539 and the 503-511 Broadway penthouse $125 at 5,552, a median of $98.

So it prices high, and we will say so plainly. The premium buys a floor already built and furnished, which removes a custom fit-out and its ten to sixteen week calendar along with the months of paying rent in two places. Against a raw floor at $85 that still needs building the gap narrows well below $35; against another finished floor, $120 has to be argued down.

The submarket around the building

Charlton Street puts this floor at the western edge of our SoHo book, further from the cast-iron core than the Greene Street and Broadway addresses we also represent. The submarket's transit reads N/Q/R/W, 6, A/C/E, B/D/F/M, and we time the walk from this door on the tour itself.

Tenants who choose SoHo are usually brand-led, fashion and design and consumer companies for whom the address is part of the pitch, joined lately by AI startups whose founders live downtown. Most of the stock is landmarked nineteenth-century loft with twelve-foot-plus ceilings and timber columns, so a newly built floor behind floor-to-ceiling glass suits a team that wants the neighborhood without a quirky landmarked plate.

The rest of our SoHo book sits east of here on Greene Street and Broadway, including the one large block, the 27,344 square feet at One Soho Square. NoHo, Hudson Square and Tribeca are adjacent, and a search needing a number well below $120 should cross one of those borders.

How to evaluate the floor, and what really sets the cost

An hour on the eighth floor earns its keep only if it settles what the listing cannot. This is a partial floor, so find out who shares the landing and what the common corridors and restrooms look like. Plug and play is used loosely, so establish what the furniture includes, and check the phone rooms for sound, the electrical capacity and the cost of overtime air conditioning.

Treat 5,003 as a rentable number rather than a floor you can furnish. Manhattan loss factors typically run 15-25%, so the usable area behind it lands near 3,750 to 4,250 square feet once corridors, core and restrooms come out. Base rent covers occupancy and, in most leases here, cleaning of the office areas. Electricity is separate at typically $2 to $4 per square foot per year, another $834 to $1,668 a month, with insurance and the tax and operating escalations on top.

The listing is a sublease, which shapes the deal more than the rent does. A sublease cannot outlive the lease above it, so the remaining term is the first thing to establish, and it makes a floor like this right for a three-year horizon and wrong for a ten-year plan. The overlandlord normally has to consent and may prefer to take the space back instead. Ask for a non-disturbance agreement, confirm who holds the security, and read the restoration clause, because furniture you did not choose can still be furniture you must remove. Free rent is the lever here, not a construction allowance.

How Nomad works on this floor

We represent tenants and never landlords, so there is no version of this where we sit on both sides of the table here. We publish the rent, the size and the monthly openly.

We can put you on the Partial 8th Floor generally inside the same week, and we will walk the SoHo comparables on the same trip so that $120 gets judged against something real. Having delivered 300+ buildouts across New York, we answer construction questions with the same team that negotiates the lease.