The typical asking rate per listing is in the $50's per square foot per year. The Chinatown submarket is going through a a boost in rates. In the last 3 months, the median rate went up $59 per sqft per year.
In the last 90 days, 33 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 24% of the available space in the Chinatown are subleases, so you might be able to find a shorter term or below market rent. 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 4,180 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 0 stories. Most buildings in this area were built in 1938 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Chinatown folk. Commuting close to 20 minutes 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 Chinatown.
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