Most listings are in the $80's per square foot per year. The Midtown East region is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the New York City market, the Midtown East region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 647 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the office spaces in the Midtown East 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 3,880 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 18 floors. Most buildings in this market were built in 1930 and are Class A.
Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Midtown East residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.