On average, listings lease in the $20's per square foot per year. The Manhattan region is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% increase in rent.
In the last 90 days, 68 listings have been made available, so you'll want to check back regularly for new listings. About 35% of the available space in the Manhattan 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,760 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this area were built in 1987 and are Class A.
Real time and historical data on commercial real estate listings in Manhattan.
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