On average, listings lease in the $230's per square foot per year. The Meatpacking District region is experiencing a a boost in rates. In the last 3 months, the median rate went up $238 per sqft per year.
Compared to the rest of the New York City market, the Meatpacking District submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 7 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 214% of the available leases in the Meatpacking District 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.
Even though the median size is 13,770 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this region were built in 1910 and are Class A.
Professional services is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Meatpacking District residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.