On average, listings lease in the $60'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 $70 per sqft per year.
Compared to the rest of the New York City market, the Chinatown region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 24 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 138% of the office spaces 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,270 sqft. Most properties in this area are close to 6 stories. Most buildings in this market were built in 1912 and are Class C.
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 approximately 20 minutes a day is the norm for those who opt to reside in this part of town.