On average, listings lease in the $60's per square foot per year. The Financial District submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the New York City market, the Financial District region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3492 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available leases in the Financial District are subleases, so you will probably have to focus your search on direct office leases. 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 5,120 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 22 stories. Most buildings in this area were built in 1928 and are Class A.
Information is the dominant industry in this region. Most of the occupants of Financial District work from home. Commuting close to 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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