On average, listings lease 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 increased $9 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the New York City market, the Greenwich Village submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 27 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Greenwich Village are subleases, so you will probably have to consider a longer term lease. 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 2,810 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 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 area. Commute by taxi is the most popular way to get to work amongst Greenwich Village residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.