Most listings are in the $30's per square foot per year. The Bowery submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $40 per sqft per year.
Compared to the rest of the New York City market, the Bowery region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 6 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 83% of the office spaces in the Bowery are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,660 sqft. Most properties in this market are approximately 5 stories. Most buildings in this region 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 region. Most of the occupants 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.