Most listings are in the $60's per square foot per year. The Financial District region is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the New York City market, the Financial District submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 3492 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available space in the Financial District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,010 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 22 floors. Most buildings in this region were built in 1928 and are Class A.
Information is the dominant industry in this region. Most of the folk of Financial District work from home. Commuting around 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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