Most listings are in the $180's per square foot per year. The East Village submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $61 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the New York City market, the East Village region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 4,310 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this region were built in 1900 and are Class B.
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 East Village residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.