The typical asking rate per listing is in the $90's per square foot per year. The Greenwich Village submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $20 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the New York City market, the Greenwich Village submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 27 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 48% of the office spaces in the Greenwich Village 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,370 sqft. Most buildings in this area are close to 6 stories. Most buildings in this area 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 region. Commute by taxi is the most popular way to get to work amongst Greenwich Village folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.