Most listings are in the $80's per square foot per year. The Flatiron District submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the New York City market, the Flatiron District region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 75 listings have been listed, so you'll want to check back regularly for new listings. About 17% of the listings in the Flatiron District are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,130 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 8 stories. Most buildings in this region were built in 1910 and are Class B.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Flatiron District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.