On average, listings lease in the $80's per square foot per year. The Hudson Square region is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the New York City market, the Hudson Square submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 59 listings have been made available, so you'll want to check back regularly for new listings. About 71% of the available leases in the Hudson Square 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 posted, so finding a space for a small business might be tough.
Even though the median size is 7,040 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 10 stories. Most buildings in this market were built in 1922 and are Class A.
Health care is the dominant industry in this region. Most of the occupants of Hudson Square work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.