The typical asking rate per listing is in the $50's per square foot per year. The North Slope region is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the New York City market, the North Slope region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 5 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 40% of the office spaces in the North Slope are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 660 sqft. Most properties in this region are around 3 stories. Most buildings in this market were built in 1920 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst North Slope folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.