On average, listings lease in the $90's per square foot per year. The NoMad region is going through a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the New York City market, the NoMad region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 259 listings have been listed, so you'll want to check back regularly for new listings. About 56% of the available space in the NoMad 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 800 sqft. Most buildings in this area are close to 12 floors. Most buildings in this region were built in 1914 and are Class B.
Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst NoMad folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.