Most listings are in the $70's per square foot per year. The Chelsea region is going through a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the New York City market, the Chelsea submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 280 listings have been posted online, so you'll want to check back regularly for new listings. About 102% of the office spaces in the Chelsea 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.
Even though the median size is 2,720 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 11 floors. Most buildings in this area 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 region. Most of the occupants 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.