On average, listings lease in the $20's per square foot per year. The Manhattan region is seeing a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 2% decline in rent.
In the last 90 days, 68 listings have been listed, so you'll want to check back regularly for new listings. About 22% of the office spaces in the Manhattan are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,150 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 1 floors. Most buildings in this market were built in 1987 and are Class A.
Real time and historical data on commercial real estate listings in Manhattan.
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