Most listings are in the $60's per square foot per year. The Financial District region is going through a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the New York City market, the Financial District region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3492 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Financial District are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,010 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 22 floors. Most buildings in this area were built in 1928 and are Class A.
Information is the dominant industry in this market. Most of the occupants of Financial District work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Financial District.
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