The typical asking rate per listing is in the $50's per square foot per year. The Chinatown submarket is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the New York City market, the Chinatown region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 24 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Chinatown are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most properties in this area are close to 6 stories. Most buildings in this market were built in 1913 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Chinatown occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.