On average, listings lease in the $90's per square foot per year. The Rockefeller Center region is seeing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the New York City market, the Rockefeller Center region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 14 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Rockefeller Center 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,610 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 25 stories. Most buildings in this market were built in 1935 and are Class A.
Public administration is the dominant industry in this region. Most of the residents of Rockefeller Center work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.