Most listings are in the $90's per square foot per year. The Alphabet City region is experiencing a a rise in rates. In the last 3 months, the median rate increased $99 per sqft per year.
Compared to the rest of the New York City market, the Alphabet City region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 400 sqft. Most buildings in this area are close to 5 stories. Most buildings in this area 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 market. Commute by public transit is the most popular way to get to work amongst Alphabet City residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.