Compared to the rest of the New York City market, the Midtown East submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 300 listings have been made available, so you'll want to check back regularly for new listings. About 28% of the available leases in the Midtown East are subleases, so you might be able to snag a great spot on a short term. 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 5,040 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 18 floors. Most buildings in this market were built in 1931 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.