On average, listings lease in the $70's per square foot per year. The Hudson Square submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the New York City market, the Hudson Square submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 54 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the Hudson Square are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 11,240 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 10 floors. Most buildings in this market were built in 1924 and are Class A.
Health care is the dominant industry in this region. Most of the folk 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.