Most listings are in the $70's per square foot per year. The Flatiron District region is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the New York City market, the Flatiron District region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 42 listings have been made available, so you'll want to check back regularly for new listings. About 29% of the listings in the Flatiron District 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,540 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 9 stories. Most buildings in this region were built in 1910 and are Class B.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Flatiron District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.