Most listings are in the $60's per square foot per year. The Chelsea region is going through a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the New York City market, the Chelsea region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 200 listings have been made available, so you'll want to check back regularly for new listings. About 9% of the available space in the Chelsea are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,900 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 11 stories. Most buildings in this region were built in 1914 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Public administration is the dominant industry in this market. Most of the folk of Chelsea 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.