Most listings are in the $60's per square foot per year. The Tribeca submarket is going through a a rise in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 0% rise in rent.
Compared to the rest of the New York City market, the Tribeca submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 976 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Tribeca are subleases, so you will probably have to consider a longer term lease. 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 2,520 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 6 floors. Most buildings in this market were built in 1915 and are Class A.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Most of the occupants of Tribeca work from home. Commuting close to 15 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 Tribeca.
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