Most listings are in the $70's per square foot per year. The NoMad submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the New York City market, the NoMad region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 251 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the listings in the NoMad are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,100 sqft. Most buildings in this area are around 12 floors. Most buildings in this region were built in 1914 and are Class B.
Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst NoMad residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.