Great Spaces, Great Investments.
New York loft spaces have come a long way to become some of the city’s most in-demand real estate.
Though traditional loft space is usually decades old, the trends that led to the current boom in loft real estate are fairly new. It might be hard to imagine now, but during the 1960s Manhattan’s SoHo and Tribeca neighborhoods had fallen into tremendous disrepair and were nearly abandoned. A countercultural group of artists, sculptors and designers discovered Downtown’s many loft spaces and began occupying them, illegally establishing work-live studios. In the 1970s, the downtown neighborhoods were rezoned from industrial to mixed use, and the open loft space trend was legitimized. The neighborhoods became exponentially more fashionable and valuable over the ensuing decades, and the concept of the modern loft space was born.
Today, open loft space isn’t just for artists and it’s not limited to Lower Manhattan. A loft space may house a high end luxury apartment, an office or high-tech manufacturing facility. As time goes on, more commercial enterprises that historically would have chosen a traditional office are opting for loft space, attracted by its spaciousness and adaptability to technology.
Traditional raw loft spaces are only found in formerly industrial neighborhoods like SoHo, Tribeca and Chelsea, but today you’ll find new buildings and conversions all over Manhattan offering excellent loft real estate.
New York Loft brokers are extraordinarily well-versed in Manhattan loft space. If you’re ready to find a loft space in New York, please contact us any time or use one of the search pages below.
