Most listings are in the $60's per square foot per year. The Alphabet City submarket is going through a decline in rates. In the last 3 months, the median rate decreased $33 per sqft per year. That's a 33% decrease in rent.
Compared to the rest of the New York City market, the Alphabet City region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 0 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the available space in the Alphabet City 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 5 stories. Most buildings in this market were built in 1901 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Alphabet City occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.