Compared to the rest of the New York City market, the Civic Center region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 22 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the listings in the Civic Center are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 5 stories. Most buildings in this region were built in 1915 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Civic Center folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.