The typical asking rate per listing is in the $80's per square foot per year. The Flatiron District region is going through a a rise in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 0% rise in rent.
Compared to the rest of the New York City market, the Flatiron District region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 847 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the Flatiron District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 6,100 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 9 stories. Most buildings in this region were built in 1910 and are Class B.
Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Flatiron District residents. Commuting between 30 and 45 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 Flatiron District.
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