The typical asking rate per listing is in the $80's per square foot per year. The Bowery submarket is going through a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the New York City market, the Bowery submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 9,500 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 5 floors. Most buildings in this area were built in 1910 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the folk of Bowery work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.