The typical asking rate per listing is in the $90's per square foot per year. The Lincoln Square submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the New York City market, the Lincoln Square region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 9 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the Lincoln Square 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 53,620 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 12 floors. Most buildings in this region were built in 1926 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Lincoln Square occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.