The typical asking rate per listing is in the $60's per square foot per year. The Chelsea region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the New York City market, the Chelsea submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 280 listings have been made available, so you'll want to check back regularly for new listings. About 86% 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,830 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 11 floors. 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 region. 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.