The typical asking rate per listing is in the $60's per square foot per year. The Chinatown region is going through a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the New York City market, the Chinatown submarket has more expensive 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 office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available space in the Chinatown 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,400 sqft. Most buildings in this market are around 6 floors. Most buildings in this region 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 residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.