Most listings are in the $90's per square foot per year. The Greenwich Village region is seeing a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the New York City market, the Greenwich Village region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 22 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the Greenwich Village 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.
Even though the median size is 2,800 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 6 stories. Most buildings in this market were built in 1906 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 taxi is the most popular way to get to work amongst Greenwich Village occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.