The typical asking rate per listing is in the $70's per square foot per year. The Meatpacking District region is seeing a a boost in rates. In the last 3 months, the median rate increased $73 per sqft per year.
Compared to the rest of the New York City market, the Meatpacking District submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,580 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this area were built in 1910 and are Class A.
Professional services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Meatpacking District residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.